Siddhartha Premier Insurance reports a 37% drop in profit for the current fiscal year.
Babita Magar
Tue Feb 11 2025
The profit of Siddhartha Premier Insurance has dropped by 37%. According to the financial report for the second quarter of the current fiscal year, the company’s net profit stands at NPR 22 crore 50 lakh.
In the same period of last year, the profit was NPR 36 crore 9 lakh. The company’s own premium income has slightly increased from NPR 79 crore 25 lakh to NPR 80 crore 39 lakh. The profit has been impacted by a decline in income from investments and interest, which has decreased from NPR 35 crore 93 lakh to NPR 27 crore 39 lakh.
Additionally, the annual income per share has decreased to NPR 16, down from NPR 25.72 previously. The company's share price is NPR 865, with a net worth per share of NPR 287.
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