CIT's net profit last fiscal year stands over Rs 1.25 billion

Kathmandu, Jan 14: The Citizen Investment Trust (CIT) recorded a net profit of slightly over Rs 1.25 billion after tax in the last fiscal year. Of the total amount, Rs 251.2 million was allocated to the general reserve fund, while the remaining profit was distributed to its members as a bonus.This information was shared during the 31st Annual General Meeting (AGM) of the CIT, which concluded here today. The AGM endorsed the distribution of a five percent bonus share and an eight percent cash dividend from the income of the last fiscal year.It was stated that while the CIT’s net...