Shine Resunga Development Bank announces 25% dividends; Paid up to reach Rs 1.37 arba

Shine Resunga Development Bank Limited (SHINE) has announced dividends to its shareholders. As per the notice published in NEPSE today, the development bank announces 25% bonus share worth Rs 27.57 crore from the profit it had earned in the FY 2073/74. The decision is subjected to the approval from Nepal Rastra Bank and upcoming AGM. Its paid up capital stands at Rs 1.10 arba. After distribution of bonus shares, it will reach to Rs 1.37 arba. Also from the profit of FY 2072/73, it had distributed 27% bonus shares to its shareholders. It had earned Rs 34.96 crore in the fourth quarter in the FY 2073/74. Its LTP stands at Rs 395 as of last trading day.