Siddhartha Premier Insurance Raises Net Profit Along with Net Insurance Premium

May 03, 2024 11:15 AM Merolagani

Siddhartha Premier Insurance (SPIL) has published third quarter report of the current FY.  As per the report, it has increased both net insurance premium and net profit during the period.

In the review period, the company earned net insurance premium of Rs 1.32 billion. The net insurance premium increased by 138.56 percent compared to Rs 556.9 million of the corresponding period of the last FY.

During the period, it raised its net profit by 109.66 percent to Rs 57.1 million. Similarly, its total income increased by 102.23 percent, total expenses by 93.09 percent. likewise, its claim payment increased by 96.29 percent.

Along with its net profit, its EPS increased to Rs 28.37. it logged P/E ratio of 26.44 times and net worth per share of Rs 254.59.

The company with Rs 2.80 billion in paid-up capital has reserve fund of Rs 2.50 billion, catastrophic fund of Rs 167.4 million, retained earning of Rs 710.2 million and other equity of Rs 960.4 million.

comments powered by Disqus

Which Bank is Providing Highest Interest in Jestha?

May 13, 2024 10:03 AM

Commercial banks have published new interest rates for the upcoming month of Jestha. As per the published notices, the average interest rates of the banks have declined by a few points.