Laxmi Laghubitta proposes 26.32% dividend; Paid up capital to reach Rs 24.2 crore

Laxmi Laghubitta Bittiya Sanstha Limited (LLBS) has decided to distribute 26.32 percent dividend to its shareholders. As per the notice published in NEPSE today, the BOD meeting of the microfinance company held on Bhadra 27, 2074 has proposed10 percent bonus share and 16.32 percent cash dividend including for tax purpose to its shareholders from the net profit it earned in the last fiscal year 2073/74. The decision is subjected to approval from Nepal Rastra Bank and the microfinance company’s upcoming Annual General Meeting (AGM). Last year, LLBS had distributed 10.53% cash dividend to its shareholders. Laxmi Laghubitta has earned net profit of Rs 10.71 crore in the fourth quarter of the fiscal year 2073/74 as per unaudited report. It’s paid up capital stands at Rs 22 crore. After distribution of 10% bonus share, the paid up capital will reach to Rs 24.2 crore