Salt Trading Corporation endorses 35% dividend; corporation to venture in construction and housing business

Salt Trading Corporation has convened its 52th AGM on Chaitra 11, 2075 which has endorsed the board’s decision to provide 25% bonus shares and 10% cash dividend to its shareholders. The corporation had earned Rs 1.10 arba in net profit in the previous fiscal year and has so far made trading of worth Rs 4.79 arba by the end of Magh, 2075.

In the AGM, chairman Mr. Laxmi Das Manandhar also informed about the various undertakings of the STC in the current fiscal year including the initiatives to import fertilizers, sugar etc as per the government guidelines.

It was also announced that the corporation through its sister concern Future Workers Building Solutions is currently producing earthquake resistant construction materials in Nepal and is also constructing quake resistant houses in Chandragiri Nagarpalika under its subsidiary Upahar Housing Company as its ventures into the construction and housing business.