Pokhara Finance declares 13.5% bonus share; paid up to reach Rs 55.73 crore

Pokhara Finance Limited (PFL) has decided to distribute 13.5 percent stock dividend to its shareholders. As per the notice published in NEPSE today, the company has proposed 13.5 percent bonus share and 0.71 percent cash dividend for tax purpose 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 the bank’s upcoming Annual General Meeting (AGM). Last year, PFL had distributed 48.5% bonus share to its shareholders. Pokhara Finance has earned net profit of Rs 8.75 crore in the fourth quarter of the fiscal year 2072/73 as per unaudited report. Its paid up capital remains at Rs 49.11 crore. After adjustment of 13.5% bonus share distribution, its paid up capital will reach to Rs 55.73 crore.