Nepal Telecom to endorse 50% cash dividend; 8th AGM today

Nepal Doorsanchar Company Limited (NTC) is convening its 8^th Annual General Meeting (AGM) today (Baisakh 20, 2073). The AGM is going to be held at Tribhuwan Army Officers Club , Tudikhel, Kathmandu at 11:00 AM. The agendas of the AGM are to endorse 50 percent cash dividend from the net profit it earned from the fiscal year 2071/72, financial highlights of 2071/72 and appointment of auditor. Only those shareholders owning shares till Baisakh 4 is entitled to the cash dividend of the company. The register of their shareholders has been closed from Baisakh 5, 2073 till today for the purpose of its upcoming AGM. Nepal Telecom has earned net profit of Rs 7.2 arba in the second quarter of the fiscal year 2072/73 as per unaudited report. It’s paid up capital stands at 15 arba. The last trading price (LTP) of the shares stood at Rs 696 as on April 28, 2016.