Sahayogi Bikas Bank announces 28 % bonus share; paid up will reach to Rs 25.77cr

Sahayogi Bikas Bank Limited (SBBLJ) has decided to distribute 28 percent bonus share and 1.47 percent cash dividend for tax purpose to its shareholders. The 202^nd BOD meeting held today (Mangsir 9, 2072) has proposed 28 percent bonus share and 1.47 percent cash dividend (tax purpose) to its shareholders from the net profit it earned in the last fiscal year 2071/72. The decision is subjected to approval from Nepal Rastra Bank and the Bank’s upcoming Annual General Meeting (AGM). Last year, SBBLJ had distributed 26% bonus share and 10 % cash dividend to its shareholders from the profit it made in 2070/71 FY. Sahayogi Bikas Bank has earned net profit of Rs 65.17 crore in the first quarter of the fiscal year 2072/73 as per unaudited report. It’s paid up capital remains at Rs 20.14 crore and after the issuance of bonus share the paid up capital will rise to Rs 25.77 crore. The last trading price of METR was Rs 330.