STOCK WATCH: Last day to clinch 10% bonus shares of Oriental Hotels

ShareSansar, September 17:

Today is the last day to get hold of 10 percent bonus shares that Oriental Hotels Private Limited has pledged to the shareholders from the impressive net profit it earned in the last fiscal year 2070/71.

The company, which runs Radisson Hotel in Nepal, has announced book closure for its upcoming AGM from tomorrow (September 18), which means that only those who already hold shares of the company by today will be entitled to the bonus share.

This is the first time the hotel has pledged any dividend to the shareholders for any fiscal year ever since it floated its Initial Public Offering (IPO) back in 2057 BS.

According to Oriental Hotels, it has earned a net profit of Rs 21 crore in the last fiscal year, which is a significant gain as compared to a loss of Rs 15.94 crore it suffered in the previous fiscal year 2069/70.

Its earning in the last fiscal year stood at Rs 1.07 arba  while its operating cost was Rs 63.47 crore.