Rastriya Beema Company profit declines by 55% till second quarter

February 13, 2019 | Investopaper

Rastriya Beema company has published its unaudited second-quarter report of F.Y. 2075/76 today. The unaudited report shows that the net profit has declined by 54.77% to Rs.16.85 crores in the second quarter. The net profit as of the 2nd quarter previous year stood at Rs. 37.25 crores.

The net premium till the second quarter is Rs. 25.67 crores. The net claim until the second quarter is Rs. 3.63 crores. The total premium collection is Rs. 72.23  crores. The number of policies has decreased from 7,788 to  7,045.

Rastriya Beema Company has paid up capital of Rs. 26.66 crores, a reserve of Rs. 215.49  crores and insurance fund of Rs. 143.65 crores. The Annualized EPS is Rs. 126.35 and net worth per share is Rs. 908.16 as of the unaudited second quarter. The share price as of Magh 29, 2075 stands at Rs. 9,100.


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