Unilever Nepal's AGM underway: Likely to endorse 860% cash dividend today

ShareSansar, September 19:

The 21st annual general meeting (AGM) of the Unilever Nepal Ltd which is underway at Trade Tower Center is likely to endorse 860 percent cash dividend to its shareholders.

The shareholders owning shares till Bhadra 16 will only be entitled for the dividend of the company.

The company has already announced 860 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 860 percent cash dividend to its shareholders.

According to the unaudited financial statement of the company, it has posted net profit of Rs.281.7 million in the fiscal year 2070/71.

Unilever Nepal Ltd had distributed dividend worth Rs 760 per share from the previous fiscal year’s earnings. The company had made a turnover of Rs 4.48 arba in the last fiscal year 2069/70.
The net profit figure of company after tax stood at Rs 80.63 crore which is Rs 9.4% higher than that of fiscal year 2068/69.