NIC Asia Capital Limited has concluded its 10th Annual General Meeting (AGM) and approved a 50% cash dividend, including taxes, on its paid-up capital.

The AGM was held at the company’s registered office in Thapathali, Kathmandu. Shareholders also approved the company’s board report and annual financial statements for FY 2082/83.

NIC Asia Capital has a paid-up capital of Rs. 20 crore. During the review year, the company reported income of more than Rs. 28.98 crore and a net profit of over Rs. 10.51 crore.

As of the end of Ashadh 2083, the company had opened more than 863,000 Demat accounts. It manages over Rs. 7 arba through six mutual fund schemes, comprising four closed-ended and two open-ended funds.

Through its portfolio management service, NIC Asia Capital manages more than Rs. 3 arba for 710 clients.

The company currently provides share registrar services to 24 companies and has completed issue-related work for 25 companies through its issue management services.

With the latest dividend included, NIC Asia Capital stated that it has distributed a total return of 340% to its shareholders to date.