Citizen Investment Trust announces 22% bonus share; Paid up capital to reach Rs 90.31 crore

Citizen Investment Trust Limited (CIT) has decided to distribute 22 percent bonus share to its shareholders. As per the notice published in NEPSE today, the BOD meeting of the company held on Mangsir 8, 2074 has proposed 22 percent bonus share and 1.157 percent cash dividend for tax purpose to its shareholders from the profit of fiscal year 2072/73. The decision is subjected to approval from the company’s upcoming Annual General Meeting (AGM). Last year, CIT had distributed 21.85% bonus share to its shareholders from the profit it made in the fiscal year 2071/72. Citizen Investment Trust has earned net profit of Rs 8.02 crore in the first quarter of current fiscal year 2073/74. It’s paid up capital remains at Rs 74.03 crore. After 22% bonus share distribution, its paid up capital will reach to Rs 90.31 crore. Its last traded closing price (LTP) stands at Rs 3,590 as on November 23, 2017.