Kathmandu:

The 56th Annual General Meeting (AGM) of Salt Trading Corporation Ltd. was successfully held today under the chairmanship of Mr. Pradip Lal Shrestha, the corporation’s Board Chairman. The AGM discussed and approved the annual report, financial status, profit and loss statement, cash flow details, and accounting policies for the fiscal year 2080/81.

Presenting the corporation’s business report, Chairman Shrestha stated that the company’s overall trade performance was satisfactory, and its financial investments had been productive. He highlighted that the corporation had conducted transactions worth NPR 26.8 billion in salt, food products, chemical fertilizers, and other essential commodities. Additionally, the corporation generated a net profit of NPR 1.28 billion during the fiscal year.

The AGM also decided to distribute a 10% cash dividend to shareholders from the corporation’s profits. Furthermore, the company contributed NPR 30 million to the Prime Minister’s Disaster Relief Fund to support those affected by the recent devastating floods in the Sunkoshi River and other areas.

Chairman Shrestha informed that, in compliance with government directives, the corporation had been selling essential goods at prices lower than production costs to fulfill its social responsibility. Additionally, it has been ensuring the availability of subsidized fertilizers while also providing non-subsidized fertilizers like ammonium sulfate and single super phosphate to farmers to address supply shortages.

Looking ahead, Shrestha emphasized the corporation’s commitment to upholding government policies while ensuring the supply of quality goods across the country. He stated that the company is actively exploring innovative and creative business approaches to diversify its trade and establish a strong presence in both national and international markets.