Shares Listed: 32.50 % Bonus Shares of Forward Community Microfinance Bittiya Sanstha (FOWAD)

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.