NLG posts profit of Rs 88.84 m, BOD proposes 20% bonus share for shareholders

ShareSansar, June 6
 

NLG’s Board of Directors has proposed bonus shares equivalent to 20% of the paid up capital, according to a notice issued by the company.

The decision is subject to approval by the company’s shareholders during its annual general meeting (AGM) to be held on July 5 at the Russian Center of Science and Culture in Kamal Pokhari, Kathmandu.

The company posted a net profit of Rs 88.84 million up to 3rd quarter as against Rs 31.900 million in the corresponding period last year.

The company’s paid up capital now stands at 225.0 million as against 100 million in the last quarter. The company has a reserve of Rs 109.77 million and its EPS stands at Rs.56.40.

NLG Insurance had launched its IPO on 2069/12/16. The insurance company had allotted 614,250 unit shares to the public, whereas 27,000 units were allotted for its staff and 33.75 thousand units has been set aside for mutual fund.