PICL’s profit rise by 8.22%; EPS stands at Rs 12.13

ShareSansar, May 16:

Prudential Insurance Company Limited stated 8.22 percent increase in its net profit for the third quarter of the current fiscal year 2070/71.

In the unaudited financial report published today, the insurance company has stated increase in the net profit to Rs 3.03 crore as compared to Rs 2.8 crore of corresponding quarter.

The company’s rise in operational profit fueled the net profit which reached to Rs 3.85 crore up from Rs 3.23 crore in this quarter as compared to corresponding quarter.

Likewise, there is increase in the insurance fund from Rs 5.67 crore to Rs 7.88 crore whereas the reserve and surplus decreased to Rs 5.74 crore from Rs 5.87 crore as compared to corresponding quarter of the last fiscal year 2069/70.

The company’s EPS is Rs 12.13; net worth per share is Rs. 154.54 and the P/E ratio 32.72.