AHPC pledges 10% bonus share; Q4 within a week, around Rs 6 crore net profit expected

ShareSansar, August 5:

Arun Valley Hydropower Development Company Limited (AHPC) has decided to pledge 10 percent bonus share and 0.5 percent cash  dividend to cover the taxes on the bonus share for the net profit it posted in the last fiscal year 2070/71.

A meeting of the AHPC Board of Directors took the decision to this effect yesterday, according to Arjun Neupane, the company secretary  of AHPC.

A highly placed source at AHPC also told ShareSansar that they are planning to publish the financial report for the fourth quarter in a  week’s time, and that the net profit is expected to come to the tune of Rs 6 crore.

Though the dividend pledged by AHPC is lesser than 15 percent bonus share and 0.75 percent cash it had pledged for the previous  fiscal year, it may also be noted that it had floated 1:1 right share a few months back.