Nepal Express Finance to offer 13% stock dividend

Nepal Express Finance Limited (NEFL) has decided to distribute 13 percent bonus share and 0.68 Percent cash dividend for tax purpose to its shareholders. The BOD meeting held on Ashwin 20, 2072 has proposed 13 percent bonus share and o.68 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 the Bank’s upcoming Annual General Meeting (AGM). Earlier in the fiscal year 2070/71, Nepal Express finance had distributed 34 percent bonus share and 1.79 cash dividend for tax purpose. NEFL had earned net profit of Rs 8.78 crore in the fourth quarter of last fiscal year 2071/72 unaudited report. It’s paid up capital remains at Rs 19.71 crore. After distributing 13 percent bonus share it’s paid up capital will rise to Rs 22.27 crore.