Neco Insurance Announces Dividend

Jul 03, 2019 12:04 PM Merolagani

Neco Insurance has announced dividend of the last FY. The 370th board of directors meeting of the company held on July 2 decided to propose 12.063 percent dividend to its shareholders.

The company will distribute 12 percent stock dividend worth Rs 141.1 million and 0.63 percent cash dividend worth Rs 7.4 million for tax purpose to the shareholders.

The proposed dividend is subjected to approval from Insurance Board and its upcoming AGM.

Presently, the company has a paid-up capital of Rs 1.17 billion that will reach Rs 1.31 billion after the bonus share distribution.



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Government Fails to Collect Targeted Revenue; Capital Expenditure Nears 70%

Jul 16, 2019 03:53 PM

The government has failed to collect targeted revenue in the current FY. As per the Office of Auditor General (OAG), the government collected 83.66 percent revenue till July 15, a day before the closing of the current FY.