Neco Insurance to Skip Dividend From FY 2079/80

December 5, 2023 | Investopaper

Neco Insurance Company Limited (NIL) has informed about the dividend to the shareholders. The dividend decision is from the fiscal year 2079/80.

The company has decided not to distribute any dividend from the profit of the last fiscal year.

The company has sent the financial statements of the fiscal year 2079/80 for approval from Nepal Insurance Authority after which it will be presented to the upcoming AGM of the company.

As of Ashad’s end 2080 BS, NIL has a paid-up capital of Rs. 201.23 crores.

From the previous fiscal year 2078/79, Neco Insurance had distributed a 15.79 percent dividend to the shareholders, including a 15 percent bonus share.

You May Also Like:

Dividend History Of Neco Insurance Company Limited (NIL)


Investopaper is a financial website which provides news, articles, data, and reports related to business, finance and economics.

Leave a Reply

Your email address will not be published.

error: Content is protected !!