Sana Kisan Bikas Bank Limited is has decided to hold its 12thAGM on January 10, The Company has decided to endorse 26 percent dividend, which includes 15 percent bonus shares to its shareholders from the net profit it posted in the last fiscal year 2069/70.
A BoD meeting of the micro finance development had only a few days back decided to pledge this dividend, which was then quickly approved by the central bank.
Sana Kisan Bikas Bank Limited had posted a net profit of Rs.2.29 crore in the first quarter of the current fiscal year 2070/71, though
its report for the last fiscal year is not available.
It may be noted that the primary share investors of Sana Kisan Bikas Bank’s ordinary shares gained six times the original investment on the very first day its IPO was listed for trading at stock exchange in October.
The share price of Sana Kisan Bikas Bank that had opened at Rs 550 reached Rs 605 and its current market price is hovering around Rs 950 to Rs 1000.
IPO investors who were allotted this share had profit of nearly 900% if they had hold it until now.
Swabalamwan Laghubitta Bikas Bank Limited is holding its Annual General Meeting on January 12, 2014.
The AGM of the microfinance development bank is expected to formally endorse 27 percent dividend, which includes 14 percent bonus shares to its shareholders from the net profit it posted in the last fiscal year 2069/70.The microfinance development bank had posted a net profit of Rs 6.64 crore in the last fiscal year and went on to post additional net profit of over Rs 2 crore in the first quarter of the current fiscal year.
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