Kathmandu. Shikhar Insurance Limited has published the revised financial statements for the fourth quarter of the last fiscal year. According to the insurance company’s statement, the net profit has increased slightly compared to the same period of the previous fiscal year.

At the end of the last fiscal year, the insurance company had earned a net profit of Rs 452.7 million. This is an increase of 1.66 percent compared to the same period of the previous fiscal year. In the same period of the previous fiscal year, the insurance company had a profit of Rs 445.3 million.

During the review period, the insurance company’s net earned insurance premium increased by 31.91 percent and total income increased by 11.75 percent. Similarly, the insurance company’s net claim payment increased by 21.95 percent and total expenditure by 14.72 percent.

Although the profit has increased, the earnings per share of the insurance company have decreased. During the review period, the insurance company’s earnings per share decreased by Rs 1.29 to Rs 15.49. As of mid-July, the price-to-income ratio of the insurance company was 49.95 times and the net worth per share was Rs 198.97.

With a paid-up capital of Rs 2.92 billion, the insurance company has Rs 1.91 billion in special reserve fund, Rs 160.7 million in disaster fund, Rs 211.7 million in retained earnings and Rs 606.6 million in other equities.