Shares Listed: 32.50 % Bonus Shares of Forward Community Microfinance Bittiya Sanstha (FOWAD)
Tue, Dec 1, 2020 2:21 PM on Latest, Dividend, Bonus & Rights, Share Listed,
The 12,27,434 unit shares of Forward Community Microfinance Bittiya Sanstha Limited (FOWAD) have been listed in NEPSE.
The microfinance company had distributed 32.5% bonus shares and 12.5% cash dividend for the fiscal year 2075/76. The same bonus shares are now listed in NEPSE. The shares are tradable from the upcoming session.
Lower retention of revenue due to higher provision has led to a decline in net profit for Forward Microfinance. The net profit has risen by a mere 6.74% in the first quarter of FY 2077/2078. As of writing, the company's closing price on the last trading day is Rs. 2,010.