NLG Insurance Announces No Dividend Payment for Previous FY

Jul 17, 2019 01:05 PM Merolagani

NLG Insurance has announced of distributing no dividend for the previous FY despite earning a noticeable profit.

In the previous FY, the company earned Rs 247.6 million in net profit. However, it required to maintain various reserve and provisions under the format of Nepal Financial Report System (NFRS) as per IB.

Although the company is not distributing any dividend, it is issuing 60 percent right shares in a bid to meet the minimum paid-up capital.

 

 

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