7 September 2024, Kathmandu
NIC Asia Capital, a leading investment management firm in Nepal, successfully concluded its 8th Annual General Meeting (AGM).
NIC Asia 8th AGM Concludes
During the meeting, the company approved a 52.53% cash dividend (including tax) for its shareholders based on the fiscal year 2080-081.
Approval of Key Reports and Dividend Distribution
The AGM approved the Board of Directors’ report, which provided an in-depth overview of the company’s financial performance for the fiscal year. The meeting highlighted NIC Asia Capital’s proposal to distribute a 52.53% dividend on the paid-up capital, a move that was highly welcomed by its investors.
Financial Performance Overview
In his address, Santosh Kumar Rathi, Chairman of the Board, emphasized the company’s strong financial performance over the year. NIC Asia Capital, with a paid-up capital of NPR 200 million, generated revenue exceeding NPR 300 million. The firm recorded a net profit of NPR 121.6 million, reflecting its successful financial strategies and robust operational execution.
Continued Growth and Outlook
NIC Asia Capital’s focus on maximizing shareholder value and maintaining sustainable growth is evident from its strong financial results. As the company continues to build on its solid performance, it is expected to play a pivotal role in Nepal’s growing investment management sector.
NIC Asia Capital’s success and commitment to delivering high returns to its shareholders reinforce its position as a leader in the financial market, promising continued growth in the years to come.
For more: NIC Asia 8th AGM Concludes