Unilever Nepal Limited holds 30th AGM, delivers unmatched dividends to its shareholders

Published On: December 13, 2023 05:21 PM NPT By: Republica | @RepublicaNepal

KATHMANDU, Dec 13: The 30th Annual General Meeting (AGM) of Unilever Nepal Limited was held in Kathmandu on Tuesday. The AGM was chaired by the company’s Chairman Dev Bajpai and Managing Director Amlan Mukherjee.

According to the statement issued by the company, Unilever Nepal Limited delivered unmatched dividend outputs and profit after tax (PAT) of NPR 1,834 million which is a 19 percent increment compared to the previous year. Unilever Nepal’s shareholders benefited from the highest rates of dividends in the company’s history with NPR 1,580 per equity share this year.

Unilever Nepal Limited is celebrating its 30th Anniversary this year in Nepal with a theme “Harek ghar ma, harek maan ma,” resonating its presence with a wide range of loved brands and product portfolio proliferated into Nepali households across Nepal, according to the statement.

Chairman of Unilever Nepal Limited Dev Bajpai thanked all the Shareholders, regulators, employees and other stakeholders. “Low investments, loss of biodiversity, geopolitical confrontation, societal polarization, and cyber insecurity have been highlighted as global risks expected to sit around for a while. At home, we anticipate that the going may remain tough, but we are confident that we will manage it with utmost diligence,” he said.

“Going forward, with Unilever Nepal Limited’s resilient supply chain, purposeful marketing with agile customer operations, we have plenty of opportunities to look forward to in the next fiscal year & beyond breaking barriers of geography, procurement, human capital, technology, inclusivity, and sustainability,” Bajpai further said.

Amlan Mukherjee, Managing Director of Unilever Nepal Limited, stated that the company’s net profit after taxes stands as the highest in the past 10 years with an increase to NPR 1,834 million this year, from last year’s NPR 1,542 million.

Mukherjee credited this achievement to the efforts towards localization of products, significant cost saving through efficiency and most importantly the unmatched consumer preference of UNL brands. “Managing Our balance sheet stands strong with low gearing and strong operating cash flows being rock solid base to endure market pushes over this past year,” he said.