Unilever Nepal Ltd. has informed NEPSE on 2074-05-12 that the company has reported a revenue of Rs. 4442 Million for the year and a net profit of Rs. 965 Million for the same period.

The Board of Directors have recommended a dividend of Rs. 1100 per share on Equity Shares of Rs. 100 each. This year, the company also celebrates its 25th year in Nepal. On this occasion, the Board has also recommended an additional special dividend of Rs. 170 per share to commemorate the occasion.

The total final dividend of 1270 per share of Rs. 100 each will be paid subject to the approval of shareholders in 24th Annual General Meeting which is scheduled for 6th Octber, 2017.

Corporate News

High lending rates pose threat to productive sector

Kathmandu, May 1 - One-and-a-half years ago, Bhim Lal Poudel, the owner of Royal Shoe, rapidly expanded business operation, raising the factory’s staff strength by around 50 per cent to 225. A critical factor that encouraged Poudel to increase production of shoes was low interest rate on loans.

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Letter of Credit to be made mandatory for trade with India, China

KATHMANDU, April 18: Nepali traders will have to start using banking channel for making or receiving payments from traders in China and India very soon.

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Trade experts debate fourth industrial revolution

Kathmandu, April 3, As the world has been witnessing the fourth industrial revolution, which is largely related with artificial intelligence and the internet of things, this progress could bring transformative changes in the economic development of the least developed countries (LDCs) if they are able to access advanced technologies.

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Banks have three days to submit plan to reach all unbanked units

KATHMANDU, March 22: Nepal Rastra Bank (NRB) has told commercial banks to come up within three days commitment to open branch offices in 116 local units where they have become reluctant to expand their presence so far.

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