ICFC Finance declares 17% Stock Dividend; Paid up capital to reach Rs 80.16 crore

ICFC Finance Company Limited (ICFC) has decided to distribute 17 percent bonus share and 0.89 percent cash dividend for tax purpose to its shareholders. The BOD meeting held on Shrawan 32, 2073 has proposed 17 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 Nepal Rastra Bank and the finance company’s upcoming Annual General Meeting (AGM). Last year, ICFC had distributed 7% bonus and 2:1 right share to its shareholders from the profit it made in 2071/72 FY. ICFC Finance earned net profit of Rs 15.37 crore in the fourth quarter of the fiscal year 2072/73 as per unaudited report. It’s paid up capital stands at Rs 68.52 crore and after the issuance of 17% bonus share the paid up capital will rise to Rs 80.16 crore.