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NT to Distribute 50% Dividend from Today

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NT to Distribute 50% Dividend from Today
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May 3: Nepal Telecommunication Company Limited (Nepal Telecom or NT) is distributing 50 percent dividend to its shareholders. The 8th AGM of NT held on Monday had endorsed the dividend proposal. The endorsed dividend will be distributed among the shareholders from Tuesday.

NT has earned Rs 14.55 billion net profit after tax in the previous FY 2071/72, from which, the company  is distributing 50 percent of total paid up capital as dividend to its shareholders.

Similarly, the AGM has endorsed the annual report and financial reports including profit and loss account of the company. Dinesh Kumar Thapaliya, Chairman of Board of Directors of the company and Secretary of Communication and information Ministry presented the 8th annual report of the company in the AGM. In the process, he informed that NT has prepared international standard financial report for the first time implementing Nepal Financial Reporting Standards and International Financial Reporting Standard from the current FY.

Thapaliya further informs “NT has expanded 3G service in rural areas as per the goal of prioritising trading and distribution of data services through expansion of optical fibre network. The company aims for availability of EVDO serviced based on IP-CDMA through the expansion of the network and continue the efforts of expanding attractive data service through WiMax service.” “NT has prepared for availability of 4G services as soon as Nepal Telecommunication Authority approves the proposal. Along with mobile services, wire line broadband and wireless broadband services for expansion of data services will be promoted all across the country.” 

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