Rastriya Bima Sansthan earned 26.7 million profit with in six months

Feb Tue 2021 06:04:40

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Rastriya Bima Sansthan earned  26.7 million profit with in six months

Kathmandu. Rastriya Bima Sansthan has made public its financial statements for the first six months of the current fiscal year. According to the statement, the company has raised Rs. It has made a net profit of Rs. 267.94 million.

Compared to the same period last year, the net profit of the corporation has decreased by 24 percent this year. Last year, the institute spent Rs. It had made a net profit of Rs 35.34 million.

The company, which plans to raise additional capital through bonus shares and rights issue by issuing IPO to the public, has not maintained the required capital as it has not completed the annual audit of the last fiscal year.

As prescribed for a life insurance company, Rs. In case of maintaining Rs. 2 billion capital, the current paid up capital of the corporation is Rs. 181.02 million.