9.5% bonus shares & 0.5% cash dividend of Nepal Express Finance Limited

Nepal Express Finance Limited has proposed 9.50 bonus shares and 0.5 cash dividend to its shareholders from the net profit it posted in the last fiscal year.

A meeting of the finance company’s board of directors took the decision to this effect on Monday.

Narayani Finance & Nepal Express Finance post Rs9.88 crore & Rs2.29 crore net profits.

Narayani National Finance Limited has reported 45.49 % increase in its net profit for FY 2069/70. The finance company earned a net profit of Rs 9.88 crore as compared to Rs 6.79 crore in the last fiscal.

Narayani’s deposits rose to Rs 3.73 arba from Rs 3.10 arba in the last fiscal. The company has forwarded loan and advances of Rs 3.51 arba. The finance company’s EPS stands at Rs 15.27 and net worth at Rs 141.94.

Clean Energy and Bhrikutee post profit rise 17.6 & 7.03 crore respectively

Clean Energy Bank Limited has reported a profit of Rs 17.6 crore at the end of the 4th quarter of the FY 2069/70. The figure is 51.40 percent jump from Rs 11.68 crore recorded for the same period last year.
The bank has posted a 30.87 percent rise in deposits, from Rs 5.47 arba last year to Rs 7.16 arba this year. The bank’s EPS stood at Rs 16.20 and its net worth at Rs 122.60.

Nepal Express Finance Limited selling its shares through auction.

Nepal Express Finance Limited has for the second time published a notice for selling its promoter and ordinary shares through auction.

The company had earlier opened bidding for 10,529 units promoter shares and 23,871 units ordinary shares from Asar 7 to 13.  While the company’s promoter shares received no bidding at the time, investors filed bids for 10,000 ordinary shares.

Therefore, in its latest announcement, Nepal Express has again listed 10,529 units promoter shares and the remaining 13,871 units ordinary share for auction, beginning Asar 21. The bidding would close on Asar 27.