The Citizen Investment Trust (CIT) recorded a net profit of more than Rs 1.25 billion after tax in the last fiscal year. Of this amount, Rs 251.2 million has been allocated to the general reserve fund, while the remaining profit will be distributed to members as bonuses. The information was shared during CIT’s 31st Annual General Meeting, which concluded on Wednesday. The AGM approved a five percent bonus share and an eight percent cash dividend from last year’s earnings. According to the Trust, net fund collection from various savings schemes stood at Rs 266.65 billion in the previous fiscal year, while the total savings mobilization balance reached Rs 296.89 billion by mid-October of the current fiscal year. The AGM also endorsed the annual report, financial statements, and cash flow details, and unanimously elected Narayan Prasad Ghimire as the representative of general shareholders.
