Nepal Seva Laghubitta proposes 5% cash dividend; Dividend subject to decision from NRB and AGM

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Mon, Oct 8, 2018 10:49 AM on Dividend, Bonus & Rights, Latest, Stock Market,
Nepal Seva...

Nepal Seva Laghubitta Bittiya Sanstha Limited (NSEWA) has proposed 5% cash dividend for its shareholders.

As per the notice published in NEPSE, the microfinance company has announced 5% cash dividend worth Rs 30 lakhs and and Rs 1,57,895 for tax purpose from the net profit of FY 2074/75.

The decision of the microfinance company will be subject to approval from Nepal Rastra Bank and upcoming AGM of the company.

The microfinance company had reported net profit of Rs 40.67 lakhs in the fourth quarter of the FY 2074/75.