Nepal Oil Corporation to Distribute 10 Percent Cash Dividend

Nepal Oil Corporation (NOC) has decided to distribute a 10 percent cash dividend from the profits of the last fiscal year 2080/81. The decision was made during the board of directors’ meeting on March 18, which also called for a general assembly on March 29. The assembly will take place at 1 PM in the meeting hall of the Ministry of Industry, Commerce, and Supplies in Singha Durbar.

The agenda includes discussions on the annual report, profit and loss, and cash flow statements of the last fiscal year. Additionally, the appointment of an auditor for the fiscal year 2081/82 and their remuneration will be determined. As a government-owned entity, NOC is not listed in the secondary market.