Net profit of Rastriya Beema Company decreased by 36%

Kathmandu November 16- According to the financial report of first quarter of Rastriya Beema Company Ltd, net profit of the company has decreased by 35.97% in the first quarter to Rs. 22.4 million which was Rs. 35 million in the corresponding quarter of last FY.

Paid up capital of company has amounted to Rs. 124.4 million and reserve is of Rs. 1 billion 748.2 million. Income of the company has declined by 44.03% to Rs. 30.9 million from Rs. 58.4 million last year. Similarly, expenses of the company have decreased by 63.66% to Rs. 8.4 million from Rs. 23.3 million last year.

During the period, company has earned Rs. 47.3 million insurance premium which was Rs. 112 million last FY. In the first quarter of current fiscal year, company has paid Rs. 39.1 million on insurance claim which was Rs. 30.6 million last year.

According to the financial report of first quarter, EPS of the company is 18.06%, P/E ratio is of 282.41% and Net worth per share is 2218.20%.