Today's Daily News Update: July 17, 2014
The Citizen’s Investment Trust (CIT) is to provide bonus shares and cash dividends from the profit remaining from previous years and the profit from FY 2069-70 BS. The 19 Th Annual General Assembly chaired by Ministry of Information and Communications Secretary and CIT Chairman, Suman Prasad Sharma, decided to provide 50 percent bonus shares and 2.63 percent cash dividend from the rest by keeping Rs. 38.6 million from the profit in reserve fund. Distribution amount will be Rs. 255.9 million including Rs. 193.2 million of the 2069-70 BS and Rs. 62.6 million of 2068-69 BS. The general assembly also decided to limit the investment in fixed deposit to 40 percent and to use maximum part to energy and infrastructure.
