Kathmandu. The company has managed to earn a net profit of Rs. 916.9 million in the third quarter of FY 2076/77 after the IPO was issued and the securities were traded in the secondary market.

The company had managed to increase its net profit by 2.78 percent compared to the same period of the previous year. The company had earned a net profit of Rs 891.3 million in the corresponding period of the previous year.

The company has earned a net profit of Rs 825 million from non-life business and Rs 91 million from life business.

The company has managed to increase its premium income by 39.21 percent during the review period. The company has earned Rs 4.94 billion from premiums during the review period. The company had earned Rs 3.54 billion from premium in the corresponding period last year.

The company has an insurance fund of Rs 1.47 billion. The company has a reserve of Rs 3.31 billion and a paid-up capital of Rs 8.40 billion.

The company had recently sold an IPO worth Rs 1.60 billion.