Saturday, September 14, 2013

10% bonus share & 11.05% cash dividend of Fewa Finance Company

Fewa Finance Company has proposed 21.05 percent dividend – 10 –percent bonus share and 11.05 percent cash – to its shareholders from the net profit it posted during the last fiscal year.

A meeting of the finance company with its headquarters in Pokhara sub-metropolis took the decision to this effect on Thursday.

The company had made an operational profit of Rs 13 crore and 15 lakh during the last fiscal year. It’s net profit had risen by 49.13 percent as compared to its profit in the previous fiscal year.

It had collected deposits worth Rs 3 arba and 24 crore and issued loans worth Rs 2 arba and 81 crore during the period.

The dividend proposed by Fewa Finance is, however, subject to the approval of its upcoming Annual General Meeting and the Nepal Rastra Bank.
-sharesansar