Chilime distributing bonus share certificates from today

ShareSansar, January 5:

Chilime Hydropower Company, one of the blue-chip companies, is distributing bonus share certificates to its shareholders from today.

Chilime had endorsed 10 percent cash and 30 percent bonus shares to the shareholders from the net profit it earned in the last fiscal year 2069/70.

The bonus shares would be distributed from 10:30 AM to 2:15 PM Sunday through Thursday and from 10:30 AM to 12:30 PM on Friday at its RTS, Civilian Investment Trust, according to a notice issued by the hydropower project today.

Chilime has been distributing cash dividend warrants to the shareholders since October 9.

The hydropower company posted a net profit of Rs 963.75 million (Rs 96 crore, 37 lakh and 50 thousand) during the fiscal year 2069/70. The profit in the previous fiscal year stood at Rs 945.32 million (Rs 94 crore, 32 lakh).

Last year, company had distributed 30 percent bonus and 20 percent cash divined to its share holders.

Chilime has distributed a mindboggling 295percent cash dividend and 100 percent bonus share to the shareholders from the net profit it made over the past decade.