Net profit of Shikhar insurance increased by 45.42%

Kathmandu November 17- Private sector insurance company Shikhar insurance company has increased its net profit by 45.42% in the first quarter to Rs. 42.3 million which was Rs. 29.1 million in the corresponding quarter of last FY.

With the paid up capital of Rs. 350 million, income of the company has increased by 43.98% to Rs. 70.3 million and management and expenses of the company have increased by 41.84% to Rs. 28 million.

During the period, company has earned Rs. 165.1 million insurance premium i.e. 48.90% growth than the last corresponding quarter which was Rs. 117.6 million. In the first quarter of current fiscal year, company has paid Rs. 64.7 million on insurance claim which is 61.41% growth than last year.

In this period, company has issued 41 thousand 112 insurance policies which is more than corresponding period of previous year. Company has got 891 insurance claims during the period.

According to the financial report of first quarter, EPS of the company is Rs. 47.35,  P/E ratio is of Rs. 18.67 and net worth per share is Rs. 239.