In the second quarter of fiscal year 2079/80, Himalayan Reinsurance earns a net profit of Rs. 4.63 crores.

Himalayan Reinsurance Limited reported a net profit of Rs. 4.63 crores for the fiscal year 2079/2080's second quarter. The company's net profit fell by 62.83% in the second quarter.

In this quarter, the company's paid-up capital was Rs. 7 arba, while its reserve and surplus were Rs. 17.7 Crores.

This quarter, the company earned Rs. 8.52 crores from investments, loans, and other sources.

 

Highlights:

• National Life Insurance’s net profit increases by an astounding 57.70%.
• NLG Insurance reports a decrease in business volume and profitability in the second quarter.
• Higher Operating and Interest Expenses Caused a 95.81% Drop in Ridi Power’s Net Profit Company to Issue 50% Right Shares
• Rastriya Beema Company’s Profit Increased by 92.57% in Q2
• The revenue generated by Ankhukhola Hydropower has decreased by 10.43% to Rs. 12.23 crores.