National Hydropower to pay dividend this year

Feb Wed 2022 05:18:59

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National Hydropower to pay dividend this year

Kathmandu. Investors have been attracted to buy shares of National Hydropower in the last trading day. The highest amount of shares of the company was bought and sold on Tuesday. On that day, the company's Rs. A total of 955,270 shares worth Rs 391.41 million were bought and sold.

Investors are optimistic that the company, which has not distributed dividends so far, will distribute dividends this year. The company has not yet decided the annual general meeting of the last fiscal year 077/78. Dambaru Ballab Ghimire, a shareholder in the company, said at the annual general meeting that he was confident the company would offer a dividend this year.

According to the company's financial statements for the second quarter released on Sunday, last year's Rs. The reserve fund amount, which was more than Rs. 324.7 million, has been improved to Rs. 268 million has been maintained. This year, the company has raised Rs. 85 lakh 49 thousand net profit. The company's net profit has declined by 39.18 percent this year.

Till this period last year, the company earned Rs. It had made a net profit of over Rs 14 million. Currently, the company's paid-up capital is Rs. 1.38 billion. Investors are confident that the company will also use the system to allow companies under the Hydropower Group to issue right shares to repay loans.