United Finance AGM today to endorse 12.5% dividend

United Finance Limited is holding its 19th Annual General Meeting today, which is due to endorse 12.5 percent bonus shares to the shareholders from the net profit it posted in the last fiscal year 2069/70.

United Finance Limited had posted net profit of Rs 5.51 crore in the last the fiscal year. It has also reported a net profit of Rs.15.3 lakh in the first quarter of the current fiscal year.

Shares provide better returns

Stock investors raked in 20 per cent returns last year, while prevalent interest rates could not even compensate for inflation and gold price has regressed.

Share prices have appreciated by 20.86 per cent, based on the difference of last fiscal year’s closing price and the previous years’ closing price. If an investor had bought shares towards mid-July 2012 and sold near mid-July 2013, the investor earned 10 per cent return, even considering the rate of inflation at 10 per cent. Investors are also eligible to get dividends that amounted to Rs 62.45 per unit on average last year.

United Finance profits 5.51cr, Goodwill Finance 2.76cr, Everest Finance 0.94cr, Guheshwori Merchant 3.20cr

United Finance Limited has reported a rise in net profit of 45.25% for FY 2069/70. The company earned a profit of Rs 5.51 crore, compared to Rs 3.79 crore in the corresponding period last year.

The company’s deposits increased to Rs 2.97 arba from Rs 2.60 arba last year. The finance company extended loans of Rs 2.56 arba in FY 2069/70, compared to Rs 2.03 arba in the last fiscal.