Day: May 10, 2024

In a recent development, SuryaJyoti Life Insurance Company Limited (SJLIC) has declared a substantial 35% dividend for the fiscal year 2079/80. Shareholders are in for a treat as the company distributes 10.26% bonus shares and 24.74% cash dividend. The total worth of the dividends amounts to Rs. 1.12 Arba, bringing good news to investors.

The company’s decision came following its 16th Annual General Meeting held on the 21st of Baishakh, 2081. During the meeting, shareholders discussed various aspects of the company’s performance and future prospects. Additionally, the 371st board of directors meeting convened on Chaitra 20 proposed the attractive dividend package.

SJLIC has also emphasized the importance of dematerializing shares for shareholders who are yet to update their bank information in the Demat account. This move aims to ensure seamless and efficient distribution of dividends directly to the bank accounts of investors.

Furthermore, the company has issued a reminder to eligible investors who have availed loans against their shares. To receive the dividend, these investors must furnish a No Objection Letter from their respective lending institutions before the book closure date.

This initiative reflects SJLIC’s commitment to enhancing shareholder experience and embracing digitalization for smoother transactions. Shareholders are encouraged to take advantage of these opportunities to optimize their investment experience with SJLIC.

Today witnessed a significant surge in the price of gold, a highly sought-after commodity in the market. According to the Federation of Nepal Gold and Silver Dealers’ Association (FENEGOSIDA), the current rate of fine gold stands at Rs. 1,37,900 per tola, marking a substantial increase of Rs. 2,300 compared to yesterday’s price of Rs. 1,35,600 per tola.

Similarly, Tejabi gold also experienced a rise, reaching Rs. 1,37,250 per tola, up by Rs. 2,300 from the previous day’s rate of Rs. 1,34,950 per tola.

The peak in gold prices was noted on April 19th, 2024, when fine gold hit an unprecedented high of Rs. 1,39,300 per tola.

Furthermore, the cost of silver has also seen an upward trend, increasing by Rs. 50 per tola. The new price for silver is Rs. 1,735 per tola, up from Rs. 1,685 per tola reported yesterday.

As the domestic market continues its upward trajectory, it’s essential to consider international factors. Currently, the international gold rate stands at $2,353.10 per ounce, while silver is priced at $28.38 per ounce in the global market.

Unilever Nepal Limited (UNL) has unveiled its financial performance for the third quarter of the fiscal year 2080/81, showcasing remarkable growth in net profit. The company’s net profit soared by 30.46%, reaching Rs. 48.61 Crores, a substantial increase from Rs. 37.26 Crores recorded in the same quarter of FY 2080-81. Moreover, UNL’s revenue for the quarter experienced a modest uptick of 1.52%, reaching Rs. 1.99 Arba.

An encouraging highlight from the report is the significant 27.97% surge in other incomes, amounting to Rs. 7.32 Crores during the same period. Additionally, UNL reported investments in fixed deposits worth Rs. 1.57 Arba, marking an impressive rise of 149.09% compared to the corresponding quarter of the previous fiscal year.

UNL continues to demonstrate resilience with a paid-up capital of Rs. 9.21 Crores and retained earnings reported at Rs. 4.26 Arba in Q3 of FY 2080-81.

The financial report of the company is further highlighted by an annualized earnings per share (EPS) of Rs. 703.73 and a net worth per share of Rs. 4725. The price-to-earnings (PE) ratio stands at Rs. 47.48.