Nepal Insurance achieves 36.56% net growth in Q1, earn Rs. 1.28 crore

ShareSansar, December 19:
 
Nepal Insurance Company Limited (NICL) has reported a satisfactory net profit growth of 36.56 percent in the first quarter of the current fiscal year 2071/72.
 
Publishing the unaudited financial report for the first quarter today, the company has stated that its net profit rises to Rs 1.28 crore up from Rs 94.30 lakh in the corresponding quarter of the last fiscal year 2070/71.
 
Nepal Insurance earns Rs. 1.13 crore from premium and Rs 77.96 lakh from investment. It has capital of Rs 25.81 crore and reserve of Rs 15.42 crore.
 
Its EPS now stands at Rs 4.99, net worth per share is Rs 185.15, and P/E ratio stands at 50.10 times.