Net profit growth of Neco Insurance, progress in all indices, insurance business over billion

Kathmandu : Neco Insurance Company has published the second quarter financial statement of the current year. According to the raw financial statement, both the profit and the insurance business of Neco Insurance Company have increased.

The company’s insurance business has succeeded in not losing one billion. In the same period last year, the company collected a total insurance fee of one billion and four million rupees and has managed to collect a total insurance fee of one billion nine million and 417.5 thousand rupees in the six months of the current year.

During the review period, Neco Insurance Company has accumulated 3 billion 63 million 355.1 thousand rupees in the insurance fund, 36 million rupees in the reserve fund and 12 million rupees in the disaster fund.

The company, which has a total paid-up capital of two billion one million, has managed to earn a net profit. This amount is two million 9.2 thousand rupees more than last year. The company’s earnings per share also reached 21.99 rupees. Last year, the company’s earnings per share was Rs.21.95. PE ratio is 38.34, net worth is 230 rupees.

During the review period, the company has earned 1 billion 150 million and has spent 694.1 million rupees. In the middle of the economic crisis, the company that succeeded in increasing its insurance business has succeeded in making progress in the overall index, while positive progress has been seen in most of the indices.