CIT posts over Rs 1.25 billion net profit in last fiscal year

Key Points

• The Citizen Investment Trust (CIT) posted a net profit of over Rs 1.25 billion after tax in the last fiscal year.
• Rs 251.2 million from the profit was allocated to the general reserve fund, with the remainder distributed as bonuses.
• The 31st Annual General Meeting approved a 5% bonus share and 8% cash dividend for members.
• CIT reported challenges in recovering loans invested in Nepal Airlines Corporation but remains confident due to government guarantee.