KATHMANDU

Mandu Hydropower has announced the distribution of dividends. Hydropower will give its shareholders a 10% share of the profits from the past fiscal year.

The decision to distribute dividends was made at a meeting of the company’s board of directors on Thursday. The proposed distribution of profits will only be distributed to shareholders after approval by the upcoming general meeting and the Electricity Regulatory Commission.

In addition, the company will hold its annual general meeting on December 15 to pass on the profits. The general meeting and profit distribution will close on December 4th. Therefore, shareholders who remain active until December 3rd will be eligible to participate in the meeting and receive the proposed profits.