NLG Insurance net profit in Q2 increase to Rs 7.85 crore; Real EPS after adjustment of 25% bonus shares stands at Rs 24.53 only

NLG Insurance Company Limited (NLG) has affix increase in its net profit by 6.51% in the second quarter of the ongoing fiscal year 2074/75. Publishing the financial report today, it has affix net profit of Rs 7.85 crore in Q2 of the FY 2074/75, up from Rs 7.37 crore in the corresponding quarter of the FY 2073/74. While its income from net premium has dropped from Rs 38.74 crore to Rs 36.56 crore at the end of Q2 this year, its income from reinsurance commission has increased to Rs 10.04 crore. Its current paid up capital stands at Rs 51.23 crore (real paid up capital = Rs 64.04 after adjustment of 25% bonus shares from the net profit of FY 2073/74) with Rs 17.75 crore in reserve and insurance fund amounts to Rs 62.06 crore. Likewise, it has paid claim of Rs 14.47 crore. Its annualized earning per share stands at Rs 30.66 (real EPS = Rs 24.53), net worth per share at Rs 264.03 and P/E ratio at 44.52 times.