Oriental Hotel convenes 22nd AGM; endorses 15.79% cash dividend for shareholders

Fri, Oct 25, 2019 11:01 AM on AGM/Special AGM, Featured, Latest,

Oriental Hotels has convened its 22nd AGM on Kartik 7, 2076 under the leadership of hotel’s chairman Ms. Subhadra Shrestha. Ms. Shrestha presented the financial reports for the FY 2075-76 where she highlighted that the hotel had managed to earn Rs 1.32 arba in net earning, had operational expenses of Rs 89.29 crore thereby earning operational profit of Rs 43.41 crore and net profit of Rs 30.85 crore.

The AGM has also endorsed the board’s proposal to provide 5% bonus and 10.79% cash dividend including for the tax purposes.