Civil Bank Limited has decided to distribute 5.75 percent cash
dividend to the shareholders from the net profit it posted in the last
fiscal year 2069/70.
The Annual General Meeting of the commercial bank yesterday took the decision to this effect.
Civil Bank had posted a net profit of Rs.12.12 crore in the last fiscal year 2069/70.
Its EPS (annualized) stands at Rs 2.49 and net worth per share at Rs 939.
The bank, which is entering into a merger with Axix Development Bank and Civil Merchant Finance Company, is expected to offer much better dividend from the current fiscal year.
Nepal Stock Exchange Limited last month suspended the trading of the shares of Civil Bank Limited, Civil Merchant and Axis Development Bank for the merger.
Civil Bank and Civil Merchant Bittiya Sanstha are owned by the Civil Group while Axis Development Bank was formed following the merger of Pashupati Development Bank and Udyam Development Bank.
Civil Bank has a paid-up capital of Rs 2 arba, reserve and surplus of Rs 15.3 crore. It had posted a net profit of Rs 12.12 crore in the last fiscal year.
Axis Development Bank has a paid-up capital of Rs 71.81 crore, reserve and surplus of Rs 9.42 crore, and it earned a net profit of Rs 2.03 crore. Its EPS stands at Rs 2.84 and it has a net worth of 113.13.
Similarly, Civil Merchant Bittiya Sanstha has a paid-up capital of Rs 16.65 crore, reserve and surplus of Rs 3.17 crore. It had posted a net profit of Rs 1.32 crore in the last fiscal year, and its EPS stands at 7.98 and has a net worth 119.16.
-sharesansar
No comments:
Post a Comment