Neco Insurance reports 39.55% rise in the profit; EPS and Net worth stand at Rs 24.74 and Rs 168.60 respectively.

Neco Insurance Limited (NIL) has reported impressive rise in its net profit by 39.55 % in the fourth quarter of the ongoing fiscal year 2074/75.

Publishing the financial report today, it stated net profit of Rs 29.10 crore in Q4 of the FY 2074/75, up from Rs 20.85 crore in the corresponding quarter of the FY 2073/74.

While its income from net premium has also increased from Rs 74.68 crore to Rs 98.50 crore at the end of Q4 this year, its income from reinsurance commission has increased to Rs 15.33 crore.

Its paid up capital stand at Rs 1.17 arba with Rs 33.79 crore in the reserve and surplus. It has Rs 42.98 crore as insurance fund till the end of the fiscal year.

Its annualized earning per share stands at Rs 24.74, net worth per share at Rs 168.60 and P/E ratio at 22.55 times.