Kathmandu. NECO Insurance has earned a net profit of Rs 264 million in mid-January of the current fiscal year. This profit is 60.29 percent higher than the previous fiscal year. The company had earned a net profit of only Rs 164.7 million as of mid-January last fiscal year.

The company has managed to earn Rs 1.36 billion in insurance premiums during the review period. Which is Rs. 207.6 million more than last year. As of mid-December last year, the company had earned a total of Rs 1.15 billion in insurance premiums.

The company's paid up capital is Rs 1.31 billion. The reserve fund has Rs 643.2 million while the insurance fund has Rs 963.6 million. The company's earnings per share (annual) is Rs 40.08 and net worth per share is Rs 229.