United Insurance To Provide No Dividend From FY 2075/76

October 13, 2020 | Investopaper

United Insurance Company Limited (UIC) has informed about the dividend from the fiscal year 2075/76. The non life insurance will not distribute any dividend to the shareholders.

As informed on Nepal Stock Exchange, United Insurance has completed the audit for the fiscal year 2075/76 as per NFRS. The report is yet to be approved by Beema Samiti.

As of Ashad end 2077, United Insurance Company has a paid-up capital of Rs 102.82 crores. In the fiscal year 2076/77, the insurance collected a total premium of Rs 66 crores. Likewise, it earned a net profit of Rs 3.41 crores. [Based on the unaudited fourth quarterly report, FY 2076/77].

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