Type to search

Nepal Lube Oil Limited announces 40% Dividend

AD Space Available
Commercial & Components Local News

Nepal Lube Oil Limited announces 40% Dividend

Share
AD Space AvailableAD Space Available

Nepal Lube Oil limited, a licensee of Gulf Oil International, which manufactures and distributes Gulf Lubricants in Nepal, recently organized its 27th AGM  at the capital. The AGM was held in the presence of Company  Chairman/MD, Mr. Arun Kumar Chaudhary, the Board Of Directors, Company Secretary and shareholders.

AD Space Available

AD Space Available

On the occasion, the chairman/MD of the company, Arun Kumar Chaudhary expressed, “ The lubricant business in Nepal is highly competitive, but Gulf Lubricants with its dedicated team and innovative strategy backed by world-class product has managed to achieved the volume of 2600 + kilo litres sales in this financial year.” He further added,” This has further consolidated our position as No. 1 Lubricant Brand In the country”.

The company made a major announcement of distributing 40% dividend to its shareholders- Rs.30 (Proposed Cash Dividend per share) and Rs. 10 (Proposed bonus per share).

Follow Nepal Drives on YouTube, Instagram, Facebook and Tiktok for more updates and the latest auto news and reviews

Tags:

You Might also Like

Leave a Comment

Your email address will not be published. Required fields are marked *

    Please provide us your details and we will get back to you.