PrimeLife books profit

KATHMANDU: PrimeLife Insurance Company ltd bagged net profit of Rs 56.8 million in first year of operation through selling policies equivalent to Rs 433.8 million. It has sold around 1,70,000 policies so far. Insurance in foreign employment has contributed large sum in profit. “As foreign employment is our target we can do more business in coming days,” said Resta Jha, chief executive officer on Sunday. The insurance is marketing insurance providing three benefits— saving, life security and tax benefit — to customers.

Hair care studio

KATHMANDU: Laxmee Hair and Beauty Studio opened its second outlet at Bhatbhateni Super Store, Maharajgunj, on Friday. Film star Neeraj Baral and Nandita KC lent their presence to the opening. The studio provides 15 per cent discount for a month on all services for the event. Laxmee Hair and Beauty Studio is a state-of-the-art unisex salon.

Hama’s IPO

KATHMANDU: Hama Merchant and Finance Ltd (HMFL) will call an initial public offering of 7,40,000 units of ordinary shares this fiscal year. Earlier in 2007, the company decided to call IPO of 1,85,000 units of shares through Citizen Investment Trust. Under this new plan, Hama will issue three-fold more shares to expand its capital base.