Chilime’s AGM on October 1

Sharesansar, Sept 7

Chilime Hydropower Company Limited will hold its Annual General Meeting on October 1.A meeting of the company’s top officials on Friday has also proposed to distribute 40 percent dividend to the shareholders from the net profit it made during the last fiscal year.

It has proposed 30 percent bonus shares and 10 percent cash to the shareholders.

The hydropower company posted a net profit of Rs 963.75 million (Rs 96 crore, 37 lakh and 50 thousand) during the fiscal year 2069/70. The profit in the previous fiscal year stood at Rs 945.32 million (Rs 94 crore, 32 lakh).Last year, company had distributed 30 percent bonus and 20 percent cash diviend to its share holders.