October 15, 2020 | Investopaper
Shivam Cements Ltd. (SHIVM) has declared a dividend to its shareholders. The dividend announcement is from the fiscal year 2076/77.
The board meeting of the company held on Ashwin 28 has proposed a 24.21 percent cash dividend to the shareholders. The total dividend amounts to Rs 106.52 crores.
From the previous fiscal year 2075/76, the company had distributed 15.79 percent cash dividend.
Shivam Cements will distribute the dividend after the approval from its upcoming Annual General Meeting (AGM).
In the fiscal year 2076/77, the company had earned a net profit of Rs 105.84 crores. [based on the unaudited fourth quarterly report, FY 2076/77].
About Shivam Cements
Shivam Cement was founded in the year 2003. It began commercial production from the year 2011 and is the largest manufacturing Greenfield project in Nepal. It is currently producing 3000 TPD cement and 1900 TPD clinker from the company’s self owned limestone quarries. Shivam Cement Private Limited was converted into Public Limited Company in the year 2015