Prabhu Life and Sun Nepal Life report net profit of Rs 1.20 crore and Rs 3.17 crore respectively; Reserve and surplus stands at Rs 4.76 crore and Rs 11.12 crore with a paid up of Rs 1.4 arba each

Thu, Nov 15, 2018 1:33 PM on Financial Analysis, Latest, Stock Market,

Prabhu Life Insurance Company (PRLIL) has published its unaudited first quarterly report for the FY 2075/76. It has reported a net profit of Rs 1.20 crore in the first quarter of the 2075/76 which was Rs 3.91 in the last quarter of FY 2074/75.

The net earnings from premium of Prabhu Life amounts to Rs 6.04 crore which stood at Rs. 11.19 crore in last year's corresponding quarter.

The paid up capital of the company stands at Rs 1.40 arba with Rs 4.76 crore in the reserve and Rs 12.42 crore in life insurance fund.

Sun Nepal Life Insurance Company (SNLICL) has also published their unaudited financial report for the first quarter of the current fiscal year. The profit has been reported as Rs 3.17 crore in the first quarter is a increment from the previous year's corresponding quarter's profit of Rs 2.59 crore.

The insurance company collected Rs 14.24 crore as earnings from premium in the Q1 of FY 2075/76.

The paid up capital of the company is Rs 1.40 arba with Rs 11.12 crore in the reserve and surplus. It has Rs 23.81 crore in the life insurance fund of the company.