If the announcement of largely impressive dividends by major players
last week is anything to go by, the share market is likely to head in
the right direction in the days to come.
Analysts say that the development is quite encouraging, though it may be too early to hint at a bullish trend.
The fact that the net profit posted by the commercial banks – not to mention leading insurance and hydropower companies –by more than 40 percent is good news for those involved in the capital market.
It may be noted here that the latest dividend offered by Nabil Bank is better than what it had offered last year. In the previous fiscal year, Nabil had distributed 40 percent dividend and 20 percent bonus shares.
Last fiscal year Nabil had made a profit of Rs 2 arba 23 crore, while its profit during the previous fiscal year stood at Rs 1 arba 70 crore.
Also on Friday, Chilime Hydropower Company Limited proposed 40 percent dividend -- 30 percent bonus shares and 10 percent cash -- to the shareholders.
The hydropower company, which is to hold its Annual General Meeting on October 1 to approve the proposed dividend, had posted a net profit of Rs 963.75 million (Rs 96 crore, 37 lakh and 50 thousand) during the fiscal year 2069/70. The profit in the previous fiscal year stood at Rs 945.32 million (Rs 94 crore and 32 lakh).
Last year, the company had distributed 30 percent bonus and 20 percent cash dividend to its share holders.
Everest Bank Limited, too, announced dividends to its shareholders on Friday. Though it has decided to distribute a handsome dividend of 60 percent, it has proposed only 10 percent bonus shares to its shareholders—though they were expecting much more.
Nevertheless, it may be noted here that 50 percent cash dividend is an encouraging development in itself.
Everest Bank had made a huge net profit of Rs 1471.11 million in the fiscal year 2069/70 – up from the net profit of Rs 1,090 million for the previous fiscal year.
Likewise, though SBI Nepal and the Bank of Kathmandu did not propose handsome dividends earlier last week, the market did not react negatively to the announcements.
SBI had proposed only 20 percent dividend – 12.5 percent cash and 7.5 percent bonus shares — while the Bank of Kathmandu had announced that it will distribute 26.32 percent dividend – 5 percent bonus shares and 21.32 cash—to its shareholders.
-sharesansar
Analysts say that the development is quite encouraging, though it may be too early to hint at a bullish trend.
The fact that the net profit posted by the commercial banks – not to mention leading insurance and hydropower companies –by more than 40 percent is good news for those involved in the capital market.
It may be noted here that the latest dividend offered by Nabil Bank is better than what it had offered last year. In the previous fiscal year, Nabil had distributed 40 percent dividend and 20 percent bonus shares.
Last fiscal year Nabil had made a profit of Rs 2 arba 23 crore, while its profit during the previous fiscal year stood at Rs 1 arba 70 crore.
Also on Friday, Chilime Hydropower Company Limited proposed 40 percent dividend -- 30 percent bonus shares and 10 percent cash -- to the shareholders.
The hydropower company, which is to hold its Annual General Meeting on October 1 to approve the proposed dividend, had posted a net profit of Rs 963.75 million (Rs 96 crore, 37 lakh and 50 thousand) during the fiscal year 2069/70. The profit in the previous fiscal year stood at Rs 945.32 million (Rs 94 crore and 32 lakh).
Last year, the company had distributed 30 percent bonus and 20 percent cash dividend to its share holders.
Everest Bank Limited, too, announced dividends to its shareholders on Friday. Though it has decided to distribute a handsome dividend of 60 percent, it has proposed only 10 percent bonus shares to its shareholders—though they were expecting much more.
Nevertheless, it may be noted here that 50 percent cash dividend is an encouraging development in itself.
Everest Bank had made a huge net profit of Rs 1471.11 million in the fiscal year 2069/70 – up from the net profit of Rs 1,090 million for the previous fiscal year.
Likewise, though SBI Nepal and the Bank of Kathmandu did not propose handsome dividends earlier last week, the market did not react negatively to the announcements.
SBI had proposed only 20 percent dividend – 12.5 percent cash and 7.5 percent bonus shares — while the Bank of Kathmandu had announced that it will distribute 26.32 percent dividend – 5 percent bonus shares and 21.32 cash—to its shareholders.
-sharesansar
