May 11, 2021 | Investopaper
Nepal Insurance Company Limited (NICL) has reported a 27 percent rise in the net profit until the third quarter of the fiscal year 2077/78. NICL earned a net profit of Rs. 17.01 crores in the nine months of current fiscal year. In the last fiscal year, the company had earned a profit of Rs.13.40 crores until the third quarter.
The quarterly report is summarized in the table below:
Nepal Insurance Company (NICL): Third Quarterly Report Summary, FY 2077/78
|Financial Indicators||Q3, F.Y. 2077/78||Q3, F.Y. 2076/77||Percent Change|
|Paid-up Capital (Rs. ‘crores’)||115.03||109.55||5.00|
|Reserve & Surplus (Rs. ‘crores’)||40.17||34.58||16.17|
|Insurance Fund (Rs. ‘crores’)||50.71||36.47||39.05|
|Total Investments (Rs. ‘crores’)||266.03||234.36||13.51|
|Total Premium (Rs. ‘crores’)||96.84||85.89||12.75|
|Net Premium (Rs. ‘crores’)||58.18||43.01||35.27|
|Net Claim (Rs. ‘crores’)||17.68||9.82||80.04|
|Total Outstanding Claim (Rs. ‘crores’)||82.97||93.39||-11.16|
|Net Profit (Rs. ‘crores’)||17.01||13.4||26.94|
|Management Expenses (Rs. ‘crores’)||17.54||18.54||-5.39|
|Number Of Policies||111,766||116,944||-4.43|
|Earnings Per Share (Rs.)||19.72|
|Networth Per Share (Rs.)||179.01|
|Market Price Per Share (Rs.) [Chaitra end, 2077 BS]||839|
The above figures are based on the unaudited quarterly report published by the respective company. Investors are advised to take other things into consideration along with this report while making investment decisions. The numbers may vary after the final audit.
The share price, as well as the P/E ratio, is based on the data of Chaitra end, 2077. At current, the numbers may vary.
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