Net profit of Lumbini General Insurance increased by 13%

Kathmandu February 12- Net profit of Lumbini General Insurance company in the second quarter of current FY has boosted by 13.73% to Rs. 291.8 million/

Reserve fund of the company has balance of Rs. 79 million which is 39.30%more than previous FY. Similarly, income of the company has increased by 12.67% to Rs. 47.4 million while its expenses have increased by 11.14% to Rs. 19.2 million. During the period of second quarter of current fiscal, company has earned Rs. 281million 353 thousands insurance premium and paid claim amount of Rs. 166 million 54 thousands on 1573 claims. Company has issued 54 thousands 242 insurance policies during the period.

EPS of the company is Rs. 19.34, P/E ratio of 29.21 times, net worth per share of Rs. 187.59 and total asset per share is Rs. 357.