header banner

NT to distribute 45% dividend

alt=
By No Author
KATHMANDU, April 4: The 14th annual general meeting of Nepal Telecom on Wednesday approved dividend payment of Rs 45 per share. It also decided to form a committee to look for strategic partner for the corporation.



The state-controlled telecom major earned net profit of Rs 12.12 billion after deducting tax in fiscal year 2010/11. [break]



Speaking on the occasion, Abanindra Kumar Shrestha, chairman of board of directors of NT, said the the process of bringing a strategic partner will gain momentum within a few months.



He also informed that NT was using alternative energy sources to overcome power crisis that is affecting its service quality. He also unveiled plan to invite more roaming partners to expand roaming service of its GSM network.



The AGM also approved the financial statement of the company.



Related story

United Finance giving 20 percent stock dividend

Related Stories
ECONOMY

Nepal Investment Bank AGM approves dividend propos...

NIBL.jpg
ECONOMY

NIBL AGM approves dividend proposal

NIBL AGM approves dividend proposal
ECONOMY

Neco Insurance to distribute 20 percent stock divi...

Neco Insurance to distribute 20 percent stock dividend
ECONOMY

NIC ASIA announces rights issue, stock dividend

nicasia.jpg
ECONOMY

Dividend cap on microfinance institutions to be re...

monetarypolicy_20231208122458.jpg