Kathmandu. United Finance Company has announced that it will not pay dividend to the shareholders for the current financial year. There is growing interest in why the company, which has a relatively good financial statement, did not pay dividends to its shareholders.

According to the company's published financial statements, the last fiscal year has been better than the previous fiscal year.

The company had made an operating profit of Rs. 175 million in the fiscal year 2075/76. It has made an operating profit of Rs. 135.1 million in the last fiscal year. The company's operating profit declined in the last fiscal year compared to the previous fiscal year.

The company had made a net profit of Rs. 99.9 million in the fiscal year 2075/76. The net profit of the company in the last fiscal year is Rs. 101.4 million. The data does not show a decline in the company's profit over a period of one year.

In the Fiscal Year 2075/76, the Comprehensive Income was Rs. 88.6 million. The company has a comprehensive income of Rs 112 million in the last fiscal year. Based on this indicator, the company does not look weaker than the previous fiscal year.

The company, which made a distributable profit of Rs. 81.9 million in the fiscal year 2075/76, has made a distributable profit of Rs. 85.2 million in the last fiscal year. Distributable profit has increased and bonus of 8 percent can be distributed from that profit. As the company's paid-up capital is Rs 1.55 billion, it is possible to pay that amount.

Chief Executive Officer Ajay Kumar Mishra said that the company has been able to pay dividends but the dividends have not been distributed to cope with the current situation and move the company forward stronger.