Nepal Insurance’s profit rises by 8.56% in the fourth quarter; EPS & Net worth stand at Rs 20.24 & 171.82 respectively

Nepal Insurance Company (NICL) has stated rise in net profit by 8.56% in the fourth quarter of the FY 2074/75.

As per the unaudited report for the fourth quarter, the insurance company reported net profit of Rs 12.49 crore in Q4 of fiscal year 2074/75, up from Rs 11.51 crore of the corresponding fiscal year.

The company’s earnings from premium increased to Rs 45.22 crore in Q4 from Rs 30.91 crore in the corresponding quarter. Its paid up capital stands at Rs 61.73 crore.

The reserve fund of the company has also increased to Rs 24.53 crore from the corresponding year’s Rs 15.97 crore. The company’s insurance fund has also increased to Rs 19.83 crore from Rs 13.58 crore in the corresponding quarter of the previous year.

Its EPS stands at Rs 20.24 while its net worth per share of the company amounts to Rs 171.82. Its PE ratio stands at 32.51 points.