ICFC Finance declares 10.5% stock dividend

ICFC Finance Limited (ICFC) has decided to distribute 10.5 percent bonus share and 0,55percent cash dividend for tax purpose to its shareholders. The 171^th BOD Meeting of the company held on Mangsir 18 has proposed 10.5 percent bonus share 0.55 percent cash dividend for tax purpose to its shareholders from the net profit it earned in the last fiscal year 2071/72. The decision is subject to approval from Nepal Rastra Bank and the Bank’s upcoming Annual General Meeting (AGM). In the previous fiscal year 2070/71, ICFC Finance had distributed percent 14% bonus share to their shareholders ICFC had earned net profit of Rs. 1.53 crore in the first quarter of current fiscal year 2072/73 unaudited report. It’s paid up capital remains at Rs. 46.25crore. After distributing 10.5percent bonus share it’s paid up capital will rise to Rs. 51.10 crore.