Life Insurance Corporation Nepal Limited (LICN) has posted massive raise in net profit of 600 percent in the second quarter of fiscal year 2074/75.
As per the published report, Life insurance has stated net profit of 6.76 crore from 96.59 lakh in the second quarter of last fiscal year 2073/74.
Net premium earning of life insurance company is 4.48 arba from 3.57arba in the last year.
Its paid up capital remains at 1.33 arba with reserve of 33.22 crore. As per the directives of Beema samiti, life insurance must maintained capital of 2 arba by the ashad end of 2075. So, it must hike its capital by 67 crore to meets directives.
It has maintained insurance fund of 38.22 arba.
Earning per share stands at 5.07 & net worth per share is 132.08.
PE ratio stands at 384.99 times.
Also read: National life insurance has posted raise in net profit of 100%
