Net profit of Everest Insurance increased by 12%

Kathmandu February 17- Net profit of Everest Insurance took a leap of 12.5% to Rs. 9.1 million in the corresponding period of current FY which was Rs. 8.7 million in the corresponding period of previous FY.

Insurance company has paid up capital of Rs. 100 million and reserve fund of Rs. 151.7 million. Income of the company has exceeded by 6.66% in this quarter to Rs. 16.6 million in compare to corresponding period while its expenses has increased by 16.66% to Rs. 740 million. In this period, insurance premium of Rs. 36.1 has been earned by the company and paid Rs. 27.2 million claim amount to 366 claims. Company has issued 4941 insurance policies during the period.

Company has EPS of Rs. 9.02, P/E ratio of 113.76 times and net worth per share of Rs. 298.29.