Shine Resunga announces 27% stock dividend; Paid up will reach up to Rs 80.43 crore

Shine Resunga Development Bank Limited (SHINE) has decided to distribute 27 percent bonus share and 1.42 percent cash dividend for tax purpose to its shareholders. The BOD meeting held on Ashwin 15, 2072 has proposed 27 percent bonus share and 1.42 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, SHINE had distributed 10 percent bonus share and 12 percent cash dividend to their shareholders. Shine Resunga development bank has earned net profit of Rs 19.48 crore in the fourth quarter of last fiscal year 2071/72 as per unaudited report. It’s paid up capital remains at Rs 63.33 crore and after distributing 27% bonus share its paid up capital will rise up to Rs 80.43 crore