NLG Insurance reports a decrease in business volume and profitability in the second quarter.

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NLG Insurance Company Limited (NLG) has its second-quarter report for fiscal year 1979/80. The company reported a net profit of Rs 10.6 crore, compared to a net profit of Rs 11.4 crore in the same quarter last year. This quarter, NLG’s net profit increased by 3.63%.

The company’s paid-up capital is Rs.1.3 arba, which is a 10% increase over the previous year. The reserves and surplus were Rs 34.16 crore as compared to Rs 36.59 crore in the previous quarter. The company’s insurance fund is Rs. 1.20 Arba, and the contingent fund is worth Rs. 6.2 Crores.



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