Kathmandu. Prabhu Mahalaxmi Life Insurance has posted a net profit on Monday. The company’s net profit rose 1.61 percent to Rs 27.50 crore in the first quarter of the current FY.

The company had posted a net profit of Rs 27.07 crore in the same quarter last year.

The company has earned Rs 4.15 billion in net insurance premium till mid-April. It was Rs 3.49 billion in the same period last year. As of mid-April, the company’s life insurance fund stood at Rs 16.90 billion. In the same period last year, it was Rs 12.80 billion.

The company has a paid-up capital of Rs 5.30 billion and a reserve fund of Rs 33.21 crore. The company has EPS of Rs 6.91 and net worth per share of Rs 115.60.