Swabhiman Laghubitta to Skip Dividend, Decides to Retain Earnings
Swabhiman Laghubitta Bittiya Sanstha Limited will not distribute any dividend to its shareholders from the previous fiscal year's profit. The company's board of directors has decided to retain the distributable profit and send the financial statements to Nepal Rastra Bank for approval.
Swabhiman Laghubitta Bittiya Sanstha Limited will not distribute any dividend to its shareholders from the previous fiscal year's profit. The board of directors' meeting held on Ashwin 28 decided to retain the distributable profit maintained until the end of Ashad of the previous fiscal year.
With this decision, the microfinance company will not provide cash or bonus dividends to shareholders for the last fiscal year. The company appears to have adopted a strategy to preserve its profits for the future and strengthen its capital base.
Additionally, the meeting decided to send the financial statements of the previous fiscal year to Nepal Rastra Bank for approval. The financial statements will be finalized only after approval from the central bank.
- Decision not to distribute dividend
- Retain distributable profit
- Send financial statements to Nepal Rastra Bank for approval