Unilever Nepal's AGM today at 10:30 AM; likely to endorse 990 percent cash dividend

Unilever Nepal Limited (UNL), one of the most sought after companies in the stock market is conducting its 22nd annual general meeting (AGM) today ( Aswin 18, 2072 ) at Amrapali Banquet, Bhatbhateni, Kathmandu at 10:30 AM. The company has already announced 990 percent cash dividend from the profit it earned in the last fiscal year. The board of directors (BoD) meeting of Unilever held last month had recommended 990 percent cash dividend to its shareholders and the AGM is likely to endorse it. The shareholders owning shares till Bhadra 26 will only be entitled to the dividend of the company. The Company’s net profit has risen to Rs 1.03 arba in fourth quarter up from 90.95 crore in the corresponding quarter of the last fiscal year. UNL had distributed Rs 860 per share from the net profit earned in the fiscal year 2070/71, Rs 760 per share from the net profit earned in the fiscal year 2069/70 and Rs 680 per share from the net profit earned in the fiscal year 2068/69 to its shareholders.