Sunrise Bank announces 3:1 (33.33%) bonus share, Paid up to reach Rs 5.30 arba after bonus

Sunrise Bank Limited (SRBL) has proposed to distribute 3:1 (33.33%) percent bonus share to its shareholders. The 250th BOD meeting held on Bhadra 29, 2073 has proposed percent bonus share to its shareholders from the net profit it earned in the last fiscal year 2072/73. The company has stated that since Sunrise Bank has recently acquire Narayani National Finance; investors dont need to pay tax on dividend. However, the decision is subjected to approval from Nepal Rastra Bank (NRB) and bank’s upcoming Annual General Meeting (AGM). Last year, SRBL had distributed 21.5% bonus share to its shareholders from the profit it made in 2071/72 FY. SRBL had earned net profit of Rs 95.17 crore in the fourth quarter of the fiscal year 2072/73 as per unaudited report. It’s paid up capital stands at Rs 3.97 arba and after the issuance of 3:1 bonus share the paid up capital will rise to Rs 5.30 arba.