ICFC Finance declares 10% bonus & 11.05% cash dividend

ICFC Finance Limited (ICFC) has proposed a total dividend of 21.05% to its shareholders from the profits it earned in FY 2073/74. As per the notice published in NEPSE today, the finance company’s 212^th BOD meeting held on Bhadra 22, 2074 has proposed 10% bonus share and 11.05% cash dividend, subject to approval from Nepal Rastra Bank and the company’s upcoming AGM. ICFC Finance has earned net profit of Rs 19.52 crore upto the end of FY 2073/74. Its paid-up capital currently remains at Rs 80.17 crore, and after the capitalization of 10% bonus share, its paid-up capital will reach Rs 88.19 crore. As a national-level finance company, it had already met NRB’s minimum paid-up capital requirement of Rs 80 crore by issuing 17% bonus share in FY 2072/73.