Chhimek Laghubitta declares 35% bonus share and 10 % cash dividend

Chhimek Laghubitta Bikas Bank Ltd has proposed 35 percent bonus share and 10 percent cash dividend to its share holders for the last fiscal year 2070/71.

The Board of Directors of the microfinance institution has just taken the decision to this effect.

However, the pledged dividend is subject to the approval of Nepal Rastra Bank and its upcoming Annual General Meeting.

Back in July, Chhimek, which is among the leading MFIs, had decided to pledge 2:1 right share to its shareholders.

This pledge is also subject to the approval of NRB and the company’s upcoming AGM.

Established with an objective to transform socio-economic lives of the poor and underprivileged women through micro-finance services, Chhimek Laghubitta has 57 branches in 31 districts of the country.

source: sharesansar

Reminder: Last chance to get hold of Arun Valley’s 10% bonus share

Today is the last day to clinch 10 percent bonus share pledged by Arun Valley Hydropower Development Company Limited (AHPC) for the net profit it posted in the last fiscal year 2070/71.
On August 4, a meeting of the AHPC Board of Directors had decided to pledge the bonus share plus cash dividend to cover the taxes and had announced the book closure on August 22 for the AGM, according to Arjun Neupane, the company secretary.
Though the dividend pledged by AHPC is lesser than 15 percent bonus share and 0.75 percent cash it had pledged for the previous  fiscal year, it may also be noted that it had floated 1:1 right share a few months back.
According to its unaudited fourth quarter report, it has registered a modest net profit rise of 10 percent in the fourth quarter of the last fiscal year 2070/71.
According to the unaudited financial report published today by the company for the fourth quarter, its net profit after income tax (profit for appropriation) has risen to Rs 5.95crore up from Rs 5.41crore in the fourth quarter of the previous fiscal year 2069/70.
AHPC made an income of Rs 8.77 crore, mainly from selling electricity, by the end of the fourth quarter, up from Rs 8.46 crore in the corresponding quarter — a rise of Rs 31 lakh over the past three quarters.
Its EPS (annualized) stands at Rs 8.49, its net worth per share at Rs 132.27 and P/E ratio stands at 62.55 times.

soruce: sharesansar