Kathmandu. Nepal Micro Insurance Company Limited has published the revised financial statements for the fourth quarter of the last fiscal year. According to the company’s financial statement, the net profit has decreased compared to the same period of the financial year 2080 and 81.

At the end of the last fiscal year, the company had posted a net profit of Rs 1.65 million. This is 43.91 percent less than the same period of the previous fiscal year. In the fiscal year 2080/81, the company had earned a profit of Rs 2.95 million.

During the review period, the company’s net earned insurance premium increased by 310.36 percent and total income increased by 103.13 percent. Similarly, the company’s total claims increased by 377.01 percent and total expenses increased by 110.25 percent.

Along with the profit, the company’s earnings per share have also decreased. During the review period, the company’s earnings decreased by 34 paise to 22 paise. The company’s net worth stood at Rs 99.86 per share as of Mid-July.

With a paid-up capital of Rs 750 million, the company has a special reserve of Rs 4.31 million, disaster fund of Rs 431,000, retained earnings of Rs 5.7 million and other equity of Rs 93,000.