Nepal Life Insurance Company registers 329.52% growth in its net profit in Q3 of the current fiscal year

Nepal Life Insurance Company has registered a massive growth in its net profit by 329.52% increase in its net profit.

As per the recently published unaudited financial report for the third quarter of current fiscal year, the company has raised Rs 18.62 arba as insurance premium, paid Rs 11.82 arba in insurance claims, has got investment of Rs 1.62 kharba, paid up capital of Rs 8.20 arba, life insurance fund increased to RS 1.57 kharba, earned insurance premium of Rs 26.83 arba, as per the media statement.

The reserve of the company stands at a mere Rs 48.04 crore after the distribution of the two consecutive dividends, has EPS of Rs 7.25, net worth per share of Rs 116.01, PE ratio of 93.19 times during the review period, as per the media statement.