Everest Finance announces 14.5 % stock dividend

Everest Finance Limited (EFL) has decided to distribute 14.5 percent bonus share and Rs 10, 49, 489.47 cash dividend for tax purpose to its shareholders. The BOD Meeting of the company held on Shrawan 29, 2073 has proposed 14.5 percent bonus share to its shareholders from the net profit it earned in the last fiscal year 2072/73. The decision is subjected to approval from concerned authorities. Earlier the finance company has provided 14 percent bonus share to its shareholders from the net profit it earned in the fiscal year 2071/72. Everest Finance has earned net profit of Rs 2.60 crore in the fourth quarter of the fiscal year 2072/73 as per unaudited report. It’s paid up capital stands at Rs 13.75 crore and after the issuance of 14.5% bonus share it’s paid up capital will rise to Rs 15.67 crore.