Kathmandu. Nepal Life Insurance Company (NLIC) has published its financial results for the end of the current fiscal year.

During this period, the profit of the insurance company has decreased by 28.75 percent. The company has earned a profit of Rs 15.35 crore in the first quarter of the current financial year. The company had earned a profit of Rs 21.55 crore in the same period of the previous year.

The total income of the insurance company increased by 10.39 percent to Rs 20.27 billion in the month of October. The total expenses of the company increased by 11.43 percent to Rs 19.25 billion.

The company’s net premium increased by 10.08 percent to Rs 14.71 billion.

The company’s life insurance fund has increased by 16.69 percent to Rs 286.46 billion and the catastrophe fund has increased by 0.83 percent to Rs 1.55 billion.

During this period, the company’s earnings per share decreased from Rs 9.55 to Rs 6.48 and net worth per share was Rs 127.78.