NMB Microfinance declares 25% stock dividend; Paid up capital to reach Rs 9.26 crore

NMB Microfinance Bittiya Sanstha Limited (NMBMF) has decided to distribute 25 percent bonus share and 1.3158 percent cash dividend for tax purpose to its shareholders. The BOD Meeting of the company held on Bhadra 19, 2073 has proposed 25 percent bonus share to its shareholders from the net profit it earned in the last fiscal year 2072/73. The decision is subjected to approval from Nepal Rastra Bank and its upcoming AGM. Earlier the finance company had provided 15 percent bonus share to its shareholders from the net profit it earned in the fiscal year 2071/72. NMBMF has earned net profit of Rs 2.98 crore in the fourth quarter of the fiscal year 2072/73 as per unaudited report. It’s paid up capital stands at Rs 7.41 crore and after the issuance of 25 percent bonus share it’s paid up capital will rise to Rs 9.26 crore.