Nepal Telecom, having the biggest market capitalization in Nepalese share market, almost one fourth of the total capitalization, has organized its fourth Annual General Meeting today. With almost 7.3 M subscribers, NT has increased its annual revenues by near 10% to sum Rs 29 Billion and 850 Million, and the net profit (after taxes) is increased by 12.5% to sum Rs 12 Billion and 120 Million.
In presence of around 500 shareholders in Nepal Army Officers Club Premises, NT fourth AGM has decided to give 45 percent dividend to its shareholders based on the profit for the fiscal year 2010-2011. The Meeting also decided to appoint Kuber and company ( Senior Charter Accountant Kuber Sharma) as the Auditor of the Company.
NT has also promised for fast and smooth implementation of upcoming projects for the cheap and good quality network. As Government of Nepal has already decided to bring forth the procedure for inviting Strategic partner in NT, NT wants to easily face the present challenges with it for Shareholders value maximization.
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