Kathmandu, June 8: The
49th AGM of the Salt Trading Corporation (STC) Limited on Wednesday
decided to distribute 10 per cent cash dividend and 15 per cent bonus share.
Presenting the annual report of the Fiscal
Year 2014/15, STC chairman Laxmi Das Manandhar informed that the company’s
total transaction for the fiscal was Rs. 6.96 billion while the size of its
business till the mid-May this year was Rs. 4.85 billion.
The company earned Rs.
569 million profit in the last fiscal.
“The government had
awarded us permission to import 85,000 metric tons of chemical fertilizer.
About 50,000 metric tons fertilizer has been imported while 35,000 metric tons
is in the import process,” said Manandhar.
He informed that the
corporation had established a joint-venture company, Future Works Pvt. Ltd., in
technical and commercial collaboration with an American company.
The company aims at
helping in reconstruction process by building quake-resistant buildings.
Issuing a press
release, the company said that the recent decision of the cabinet to allow STC
to import 30,000 metric tons of sugar could help in controlling the price which
reached Rs. 80.85 recently.
On the occasion of its
anniversary, the STC distributes scholarships and awards to children.
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