Oriental Insurance loses its profit by 97.53%

Kathmandu, February 25

The Oriental Insurance Company Limited has made report public of its latest quarterly fiscal year. As per the report published, this year the company loses it profit by 97.53%.

A year ago, on its second quarterly fiscal year the company made a profit of Rs. Two hundred ninety million seventy-eight thousand. This year the company was able to make a profit of only Rs. Seven million one hundred fifty-four thousand.

This year the company has collected Rs. Five hundred forty-four million three hundred sixteen thousand where it has settled the claim of Rs. Three hundred seventeen million two hundred ninety-seven thousand. Comparing to the last year, the company has loses its premium by 7.69% and increases the claim settlement by 64%.