Net profits of Lumbini General Insurance stand at Rs.25.98 Crore by the end of the fourth quarter; EPS reported at Rs.29.52

Lumbini General Insurance Limited (LGIL) has earned a net profit of Rs 25.98 crore in the Q4 of 2075/76 Fiscal Year. The profit of the company has increased by 8.84% in this quarter compared to the corresponding quarter of last fiscal year.

As per the unaudited report published today, the net earnings from premium has decreased by 14.83% to Rs 66.37 crore in Q4 2075/76 from Rs 77.93 crore in the corresponding quarter of last fiscal year.

The company's number of policyholders has decreased to 128,983 in Q4 2075/76 from 151,828 in Q4 74/75.

The insurance company has a paid-up capital of Rs 88 crore with a reserve of Rs 26.49 crore in Q4 2075/76. Likewise, the company’s insurance fund has increased to Rs 56.98 crore from Rs 44.54 crore in the corresponding quarter of the last fiscal year. The company will soon issue 20% Right Share of worth Rs 17.60 crore. Afterwards, the paid up capital will increase to Rs 105.60 crores.

Its EPS has stood at Rs 29.52, net worth per share at Rs 200.84 and P/E ratio at 14.56 times as per the fourth quarter reports.