Lumbini Finance & Leasing Co. announces 21.61 % bonus; Paid up capital to reach 41.24 crore

Lumbini Finance and Leasing Company Limited (LFLC) has decided to distribute 21.618 percent bonus share and 1.14 percent cash dividend for tax purpose. The BOD Meeting of the company held on Falgun 9 has proposed 21.618 percent bonus share and 1.14 percent cash dividend for 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 company’s upcoming Annual General Meeting (AGM). Earlier, LFLC had distributed 15 percent bonus share and 0.78 percent cash dividend in the last fiscal year. As per unaudited report, LFLC earned net profit of Rs 40.45 lakh in the first quarter of the fiscal year 2072/73. It’s paid up capital remains at Rs 33.91 crore. After distributing 21.618 percent bonus share it’s paid up capital will reach to Rs. 41.24 crore.