NLG Insurance profit upsurges by 50.32 % in Q1

NLG Insurance Company Limited (NLG) has reported increment of 50.32 % in profit for the first quarter of the fiscal year 2072/73. As per the unaudited report for the first quarter published today, the insurance company posted a net profit of Rs.3.12 crore in the Q1 of current fiscal year, uprising from Rs.2.07crore in the corresponding quarter of previous fiscal year. The company’s earnings from premiums rose to Rs.13.72 crore from Rs.8.99 crore. NLG has a paid up capital of Rs.3.41 lakh. The reserve fund of the company increased to Rs. 11.58 crore in Q1 from Rs. 10.42 crore as compared to the corresponding quarter previous fiscal year. The company’s insurance fund increased to Rs.36.76 crore from 28.55 crore in Q1. The company’s number of policy holders has risen to 38.42 thousand this quarter compared to 29.66 thousand as in the same period last year. NLG’s EPS stands at Rs.36.58, net worth per share at Rs.248.56 and P/E ratio at 19.44 times.