Everest Finance to provide 14 % bonus shares; net profit of Rs 2.25 crore in the last FY

ShareSansar August 31:

The BOD Meeting of Everest Finance Limited (EFL) has proposed distribution of 14 percent  Bonus Shares and a Cash Dividend worth NPR 8,88,861.47 for Tax purpose to their Shareholders which subject to the approval from NRB and its upcoming AGM.

EFL has posted a rise of  76.32 % in net profit  in the fourth quarter of the last fiscal year (2071/72). The finance company has stated that its net profit rose to Rs 2.25 crore in the last fiscal year, up from Rs 1.27 crore in the corresponding period of the previous fiscal year (2070/71).