NIC Asia Capital Declares 50% Cash Dividend, Achieves Rs. 11.64 Crore Profit in FY 2081/82

NIC Asia Capital Limited held its 9th Annual General Meeting (AGM) on Bhadra 18, 2082, at its registered office in Thapathali, Kathmandu. The meeting approved the Board of Directors’ report, financial statements for FY 2081/82, and a 50% cash dividend (including tax) on paid-up capital. Chairman Santhosh Kumar Rathi reported that the company, with Rs. 20 crore paid-up capital, earned over Rs. 30.6 crore in revenue and Rs. 11.64 crore in net profit during the review period.

Operational highlights included opening 8 lakh Demat accounts, managing over Rs. 5.45 billion through 5 mutual fund schemes, handling Rs. 2.7 billion for 720 investment management clients, serving 23 companies as a share registrar, and completing IPO issuance for 17 companies under the "IDEA to IPO" service. Including the proposed dividend, NIC Asia Capital has provided a total return of 290% to shareholders so far.