United Modi to distribute 5% cash dividend

Dec 24, 2017 Merolagani

United Modi Hydropower Company (UMHL) is distributing 5 percent cash dividend to its shareholders.

According to Upendra Gautam, Executive Director of the company, the company is set to distribute 5 percent cash dividend of the current paid-up capital of Rs 57.5 million to its shareholders.

United Modi earned an income of Rs 281.4 million and a net profit of Rs 48.8 million in the last FY. The company earned Rs 41.8 million in the first quarter of the current FY.

In the review period, the company earned Rs 97.1 million through sales of electricity.

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