Reminder: Last chance to get hold of Arun Valley’s 10% bonus share

ShareSansar, August 21:

Today is the last day to clinch 10 percent bonus share pledged by Arun Valley Hydropower Development Company Limited (AHPC) for the net profit it posted in the last fiscal year 2070/71.

On August 4, a meeting of the AHPC Board of Directors had decided to pledge the bonus share plus cash dividend to cover the taxes and had announced the book closure on August 22 for the AGM, according to Arjun Neupane, the company secretary.

Though the dividend pledged by AHPC is lesser than 15 percent bonus share and 0.75 percent cash it had pledged for the previous  fiscal year, it may also be noted that it had floated 1:1 right share a few months back.
According to its unaudited fourth quarter report, it has registered a modest net profit rise of 10 percent in the fourth quarter of the last fiscal year 2070/71.

According to the unaudited financial report published today by the company for the fourth quarter, its net profit after income tax (profit for appropriation) has risen to Rs 5.95crore up from Rs 5.41crore in the fourth quarter of the previous fiscal year 2069/70.

AHPC made an income of Rs 8.77 crore, mainly from selling electricity, by the end of the fourth quarter, up from Rs 8.46 crore in the corresponding quarter — a rise of Rs 31 lakh over the past three quarters.

Its EPS (annualized) stands at Rs 8.49, its net worth per share at Rs 132.27 and P/E ratio stands at 62.55 times.