Central finance announces 33% stock dividend

Central Finance Company Limited (CFCL) has decided to distribute 33 percent bonus share and 1.74 percent cash dividend for tax purpose to its shareholders. The 199^th BOD Meeting of the company held on Mangsir 9 has proposed 33 percent bonus share 1.74 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). Earlier in the fiscal year 2070/71, Central Finance had distributed percent 10% bonus share to their shareholders CFCL had earned net profit of Rs. 39.10 lakh in the first quarter of current fiscal year 2072/73 unaudited report. It’s paid up capital remains at Rs. 18.53 crore. After distributing 33 percent bonus share it’s paid up capital will rise to Rs 24.65 crore.