Nepal Life Insurance registers Rs 20.41 crore profit in Q1; EPS & Net worth stand at Rs 18.57 & Rs 191.63 respectively
Fri, Nov 16, 2018 11:27 AM on Financial Analysis, Latest, Stock Market,
Nepal Life Insurance Company Limited (NLIC) has earned net profit of Rs 20.41 crore in the Q1 of fiscal year 2075/76.
As per the unaudited report for the first quarter published today, the net earnings from premium rose to Rs 5.43 arba in Q1 from Rs 3.75 arba in the corresponding quarter. The company has managed to hike its number of policy holders to 11.81 lakh from 10.94 lakh in the corresponding quarter last year.
NLIC has a paid-up capital of Rs 4.39 arba with reserve of Rs 3.65 arba. Likewise, the company’s life insurance fund has increased to Rs 54.43 arba from Rs 43.36 arba in the corresponding quarter.
Its annualized EPS has stands at Rs 18.57, net worth per share at Rs 191.63 and P/E ratio at 50.12 times.
