Shikhar Insurance Reports Rs 357 Million Profit in Current Fiscal Year

Kathmandu — Shikhar Insurance Company has published its third-quarter financial statement for the current fiscal year 2081/82, showing a stable performance with most indicators trending positively.

As per the report, the company earned a net profit of Rs 357.05 million up to end of Chaitra, reflecting a slight year-on-year growth of 1.79 percent. The profit for the same period in the previous fiscal year stood at Rs 357.61 million.

The company’s insurance fund witnessed a substantial increase of 28.20 percent, reaching Rs 6.78 billion compared to Rs 5.29 billion in the corresponding period last fiscal year.

Similarly, net insurance premium income rose by 16.57 percent, reaching Rs 1.20 billion. This compares favorably to Rs 1.03 billion recorded during the same period last year.

According to the financial statement, Shikhar Insurance has a paid-up capital of Rs 2.92 billion. Its disaster fund has grown by 10.58 percent to Rs 1.86 billion, while the retained earnings amount to Rs 162.3 million.

Earnings per share (EPS) for the review period stand at Rs 16.29, and the net worth per share is reported at Rs 195.81.