Sana Kisan declares 25% stock dividend; Paid up to reach Rs 50.3 crore

Sana Kisan Bikas Bank Limited (SKBBL) has decided to distribute 25 percent stock dividend to its shareholders. As per the notice published in Nepal Stock Exchange (NEPSE) today, the company’s  279^th BOD meeting held on Mangsir 21, 2073 has proposed 25 percent bonus share and 1.316 percent cash dividend (for tax purpose) to its shareholders from the net profit it earned in FY 2072/73. The decision is subjected to approval from Nepal Rastra Bank and the microfinance’s upcoming Annual General Meeting (AGM). SKBBL had distributed 25 percent bonus share to its shareholders from the profit it made in the fiscal year 2071/72. Sana Kisan Bikas Bank has earned net profit of Rs 7.91 crore in the first quarter of the fiscal year 2073/74 as per unaudited report. It’s paid up capital remains at Rs 40.24 crore. After the issuance of 25 percent bonus share the paid up capital will rise to Rs 50.3 crore.