The Citizen Investment Trust (CIT) posted a net profit of over Rs 1.25 billion after tax in the last fiscal year. Of the total profit, Rs 251.2 million was transferred to the general reserve fund, while the remaining amount was distributed to members as bonuses.
The decision was endorsed by the Trust’s 31st Annual General Meeting, which approved a five percent bonus share and an eight percent cash dividend from last fiscal year’s income. The AGM also passed the annual report, profit and loss account, cash flow statement, and other financial statements for FY 2081/82 BS, and unanimously elected Narayan Prasad Ghimire as the representative of general shareholders.
CIT reported net fund collection of Rs 266.65 billion from various savings programmes in the last fiscal year, with the savings mobilization balance rising to Rs 296.89 billion by mid-October of the current fiscal year.
Chairperson Tulasi Prasad Ghimire said shareholder satisfaction with dividends and feedback on employee facilities and capacity building were encouraging, reaffirming the Trust’s commitment to sustainable and systematic operations. Executive Director Parbat Kumar Karki stated that issues raised at the AGM would be addressed and expressed confidence in recovering loans invested in Nepal Airlines Corporation, noting that the Government of Nepal is the guarantor. He also highlighted CIT’s contributions to education, disaster management, reconstruction, and ongoing efforts toward data digitalization.
