Nepal Express Finance offers 35.79% dividend; Sewa, Gandaki Bikas banks announce 20% & 10% respectively

ShareSansar, September 1:

Nepal Express Finance Ltd has announced 35.79 percent dividend to its shareholders from the net profit that it has earned in the last fiscal year 2070/71.

According to the Finance Company, its board of directors (BoD) meeting has decided to distribute 34 percent bonus shares and 1.79 percent cash dividend for the tax purpose. The decision, however, is subject to the approval of the company’s upcoming annual general meeting and Nepal Rastra Bank.

The national level finance company has earned Rs 8.79 crore net profit in the last fiscal year 2070/71.

Meanwhile, Sewa Bikas Bank Limited has proposed 20 percent bonus shares along with cash dividend worth Rs 27.11 lakh  for tax purpose to their share holders. The decision of the Sewa Bikas Bank’s BoD meeting is subject to approval from NRB and its upcoming AGM.

Gandaki Bikas Bank Ltd has also said that as per the152nd BOD meeting Bhadra 13 it has proposed to distribute 10 percent bonus share along with 10 percent cash dividend to its share holders which is subject to approval from NRB and its upcoming AGM.