Net profit of Guras life insurance decreased by 22%

Kathmandu November 16- Private sector life insurance company Guras life insurance company has decreased its net profit by 22.22% in the first quarter to Rs. 5.4 million which was Rs. 6.9 million in the corresponding quarter of last FY.

With the paid up capital of Rs. 500 million, income of the company has decreased by 14.82% to Rs. 8.9 million and management and expenses of the company have decreased by 0.29% to Rs. 3.5million.

During the period, company has earned Rs. 139 million insurance premium which was Rs. 111.3 million last FY. In the first quarter of current fiscal year, company has paid Rs. 9 million on insurance claim which is 84% growth than last year.

In this period, company has issued 98thousand 763 insurance policies which is more than corresponding period of previous year. Company has got 1 thousand 939 insurance claims during the period.

According to the financial report of first quarter, EPS of the company is 4.34%, P/E ratio is of Rs. 131.14 and net worth per share is 181.29%.