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Global IME Balanced Fund-1 Declares 12% Dividend

Global IME Capital has announced a 12% cash dividend for investors of Global IME Balanced Fund-1 for FY 2082/83, while Global IME Samunnat Yojana-2 will not distribute any dividend this year.

Published By Share Gyan
Global IME Balanced Fund-1 Declares 12% Dividend

Global IME Capital Limited has decided to distribute a 12% dividend to investors of Global IME Balanced Fund-1 (GIBF1) from its profit for FY 2082/83. The proposed dividend, inclusive of applicable taxes, amounts to Rs. 12.31 crore. The fund will distribute the entire 12% as a cash dividend, with no bonus shares involved. The book closure date for the dividend eligibility and the listing date will be announced by the capital at a later date. Meanwhile, Global IME Samunnat Yojana-2, another mutual fund scheme managed by Global IME Capital, has decided not to distribute any dividend to its investors for the same fiscal year. Following the completion of the external audit, the capital has formally notified the Securities Board of Nepal (SEBON), Nepal Stock Exchange (NEPSE), and CDS and Clearing Limited (CDSC) about the respective decisions.

Nepal Rastra Bank Publishes Thursday's Foreign Exchange Rates; US Dollar at Rs. 149.61

Nepal Rastra Bank (NRB) has published the official foreign exchange rates for Thursday. The buying rate of one US dollar has been fixed at Rs. 149.61 and the selling rate at Rs. 150.21. The British Pound Sterling has recorded the highest value among the major currencies listed, with a selling rate of Rs. 200.16.

Gold Price Plunges by Rs. 5,900 Per Tola on Dhanteras; Silver Also Declines

Gold and silver prices recorded a sharp decline in the Nepali market on Friday, Kartik 20, coinciding with Dhanteras. Gold fell by Rs. 5,900 per tola to Rs. 283,000, while silver dropped by Rs. 110 per tola.

Nepal's VAT Collection Exceeds Target as Consumer Reward Scheme Boosts Tax Compliance

Nepal's VAT collection exceeded its first-quarter target in FY 2083/84, reaching Rs. 41.04 billion, up 10% compared to the same period last year. The increase comes after the Inland Revenue Department introduced a consumer reward scheme encouraging people to demand bills when making purchases.

Nepal Estimates $5 Billion Needed for Reconstruction After Bhotekoshi-Trishuli Disasters

Finance Minister Dr. Swarnim Wagle has estimated that Nepal will require approximately $4.7 billion to $5 billion for reconstruction following the disasters in the Bhotekoshi and Trishuli regions. The government is preparing a phased financing plan, including financial support from India, China, the World Bank and the Asian Development Bank (ADB).

Maya Khola Hydropower's Net Profit Surges 124.52% to Rs 6.38 Crore in Q1

Maya Khola Hydropower Company Limited (MKHC) has reported a 124.52 percent increase in net profit, earning Rs 6.38 crore in the first quarter of FY 2083/84, compared to Rs 2.84 crore in the same period last year. Higher electricity sales revenue and lower interest expenses supported the company's improved profitability.

Khani Khola Hydropower Turns Profitable, Reports Rs 3.65 Crore Net Profit in Q1

Khani Khola Hydropower Company Limited (KKHC) has made a remarkable financial turnaround, reporting a net profit of Rs 3.65 crore in the first quarter of FY 2083/84, compared to a net loss of Rs 1.89 crore in the same period last year.

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