Jyoti Bikas Bank announces 9% stock dividend; Last year’s Bonus share to be listed soon

Jyoti Bikas Bank Limited (JBBL) has decided to distribute 9 percent bonus share and 0.47 percent cash dividend for tax purpose to its shareholders. As per an official of Jyoti Bikas Bank, The listing of last year’s bonus share will soon be released within a week on Nepal Stock Exchange. Last year, JBBL had distributed percent 7% bonus share to their shareholders. The BOD meeting held on Ashwin 17, 2072 has proposed 9 percent bonus share and 0.47 percent cash dividend (tax purpose) to its shareholders from the net profit it earned in the last fiscal year 2071/72. The decision is subjected to approval from Nepal Rastra Bank and the Bank’s upcoming Annual General Meeting (AGM). JBBL had earned net profit of Rs 9.76 crore in the fourth quarter of last fiscal year 2071/72 as per unaudited report. It’s paid up capital remains at Rs 84.72 crore.