Prabhu Insurance registers Rs 13.08 crore net profit in the third quarter; EPS of Sagarmatha Insurance stands at Rs 42.16 following 18% rise in profit
Mon, May 14, 2018 3:28 AM on Financial Analysis, Latest, Stock Market,
Prabhu Insurance Company Limited (PRIN) has stated growth in its net profit by 22.90% in the third quarter of the ongoing fiscal year 2074/75.
Publishing the financial report today, it stated net profit of Rs 13.08 crore in Q3 of the FY 2074/75, up from Rs 10.64 crore in the corresponding quarter of the FY 2073/74.
Along with its net profit, its income from net premium has increased from Rs 36.62 crore to Rs 39.44 crore at the end of Q3 this year. Its income from reinsurance commission has increased to Rs 8.16 crore.
Its current paid up capital stands at Rs 68.84 crore after the adjustment of 19.20% bonus from the net profit of FY 2073/74. It has reserve fund of Rs 9.49 crore and insurance fund amounts to Rs 39.59 crore. Furthermore, the insurance company has announced 46% right shares for its shareholders which will hike its paid up capital to Rs 1.05 arba.
Likewise, it has paid claim of Rs 12 crore.
Its annualized earning per share stands at Rs 25.33, net worth per share at Rs 171 and P/E ratio at 26.17 times.
Sagarmatha Insurance Company Limited (SIC) has posted growth in its net profit by 18.53% in the third quarter of the ongoing fiscal year 2074/75.
Publishing the financial report today, it stated net profit of Rs 17.02 crore in Q3 of the FY 2074/75, up from Rs 14.36 crore in the corresponding quarter of the FY 2073/74.
While its income from net premium has also increased from Rs 59.83 crore to Rs 65.75 crore at the end of Q3 this year, its income from reinsurance commission has increased to Rs 17.08 crore.
Its paid up capital stands at Rs 53.82 crore with reserve fund of Rs 38.83 crore and insurance fund amounts to Rs 48.87 crore. To meet the capital requirement of Rs 1 arba, SIC should hike its capital by Rs 46.18 crore (around 85.80%).
Likewise, it has paid claim of Rs 28.44 crore.
Its annualized earning per share stands at Rs 42.16, net worth per share at Rs 271.48 and P/E ratio at 30.02 times.
