The 30th Annual General Meeting of the Citizen Investment Trust (Nagarik Lagani Kosh) has endorsed a proposal to distribute 13 percent dividends from the profit of the fiscal year 2080-81. The AGM of the trust which concluded on Monday decided to distribute 7 percent bonus share and 6 percent dividend from Rs. 8.69 million profit allocated from the previous year.
The AGM also approved the annual report for fiscal year 2080-81 presented by president of the trust Prof. Dr. Surya Bahadur Thapa. The deposit of the trust has reached Rs. 226.83 billion in the year 2080-81, which is 12.19 percent up from previous year’s deposit amounting to Rs. 220.7 billion. In the current fiscal year 2081-82 the deposit has reached Rs. 242.15 billion till the month of Ashoj. In the year 2080-81 the trust has made gross income amounting to Rs. 2.08 billion. It has earned net profit of Rs. 1.16 billion after deducting all the expenses. Various reforms strategy has been introduced in the effective operation and management of the trust, according to Parvat Kumar Karki, Executive Director of the trust. The trust has accorded top priority to the use of information technology and simplified its services through modernization of the system, he pointed out. The trust has given special importance to cyber security and strengthened technical security system, he added.