Himalayan General Insurance closing 1:1.48 right shares on Feb 16

Kathmandu, Feb 14 – Himalayan General Insurance Company Limited has announced that it will close the issuance of its 1:1.48 ratio right shares on February 16 i.e. coming Sunday.

 

In that sense, tomorrow is the last day for the shareholders to apply for the right shares of the insurer, which had posted a net profit of 7.13 crore in the last fiscal year 2069/70.

 

It may be noted that the company has also reported a profit rise of 52 percent in the second quarter of the current fiscal year 2070/71.

 

As per the unaudited quarterly report published by the insurer today, its net profit has risen to Rs 3.37 crore in the second quarter, up from Rs 2.22 crore in the corresponding quarter of the last fiscal year.

 

Its EPS has now reached Rs 33.48 and its net worth per share stands at Rs 237.54. 

 

Source: sharesansar