Premier holds AGM

KATHMANDU 8,August:

Premier Insurance Co hosted its 18th annual general meeting (AGM) on Monday. The AGM approved the financial report for fiscal year 2010-11. During the fiscal, the company had collected insurance premiums worth Rs 160.80 million and had earned a net profit worth Rs 10.88 million, it said in a press note. The company, during fiscal year 2010-11, paid an income tax amounting to Rs 10.04 million and VAT worth Rs 20.18 million. The AGM appointed Kedar Narayan Manadhar and Madan Krishna Shrestha as new board members representing shareholders. The company has been providing insurance services through its head office in Naxal and from regional offices in Birgunj, Pokhara, Narayanghat, Butwal, Birtamod and Janakpur. 

Source: The Himalayan Times