Kathmandu
Subhechha Bikas Bank Limited has proposed 16.74 percent dividend – 10 percent bonus share and 6.74 percent cash -- to its shareholders from the net profit it posted in the last fiscal year 2069/70.
Showing posts with label Dividend. Show all posts
Showing posts with label Dividend. Show all posts
Sunday, December 1, 2013
Wednesday, September 25, 2013
NLG Insurance proposes 21 percent dividend
Nepalstocks, Sept 23. 2013
NLG Insurance Company Limited has proposed 21 percent dividend to its shareholders from the net profit it posted in the last fiscal year.
A meeting of its Board of Directors held on Sunday decided to propose 10 percent bonus shares and 11.05 cash dividend.
The proposal is, however, subject to the approval of the Beema Samiti and the Annual General Meeting of the insurance company.
Sunday, March 25, 2012
Listed PEs providing handsome returns
KATHMANDU, MAR 25-2012
Listed public enterprises (PEs) have not disappointed investors on the dividend front.
A majority of public enterprises have been incurring losses thus turning them into liabilities for the government but a few that are doing well have been distributing handsome dividends to investors.
Recently, Salt Trading Corporation (STC) announced 45 per cent dividend –– 35 per cent stock dividend and 10 per cent cash dividend –– for its stock holders.
There are nine active companies with a majority stake of the government that are listed at Nepal Stock Exchange. All the companies are earning profits, except for Nepal Film Development Corporation, thus giving out dividends to stock holders.
There are still 36 PEs under the government’s control among which only 22 companies are making profits, according to the Economic Survey 2011.
Nepal Telecom (NT) will distribute 45 per cent cash dividend to stake holders. Last year too it had distributed 35 per cent cash dividend. The company with its 150 million unit shares constitutes 25 per cent of the total market capitalisation of the stock exchange. The government holds 92 per cent stake in the telecommunication company.
Among the financial institutions, NIDC Capital Markets and Nepal Awas Bikas Bitta Company will provide dividends of 25 per cent and 15 per cent, respectively. But Agriculture Development Bank has yet to announce any dividend since its listing about two years back.
“These companies are able to give more dividends but being government owned entities there is less pressure on them to appease retail shareholders like other listed companies,” said general secretary of Nepal Investors’ Association Prakash Rajoria, referring to the monopoly enjoyed by government companies.
Most of these government owned companies enjoy a monopoly in their respective areas making it profit generating entities. NT, despite the existence of new telecom companies, enjoys a near-monopoly situation. Likewise, STC has a monopoly over salt distribution nationwide. Chilime Hydropower also being Nepal Electricity Authority’s subsidiary has a ready buyer at hand.
He pointed out that stocks of government companies are for risk aversive investors as they neither give high returns nor fall to an abysmal low. “The government’s backing is an assurance for investors that the chances of the company collapsing is low even during a bad phase unlike companies with private promoters,” he said citing the example of Nepal Bank that was de-listed due to its financial troubles but the hope of the bank again being listed is still intact as shown by its improved condition.
According to experts, during a bearish run, investors look for underlying benefits like cash dividends and bonus shares instead of short-term returns. Even though the short-term return from share investment is non-existent, a handsome dividend can make up for any losses.
Source: THT
Listed public enterprises (PEs) have not disappointed investors on the dividend front.
A majority of public enterprises have been incurring losses thus turning them into liabilities for the government but a few that are doing well have been distributing handsome dividends to investors.
Recently, Salt Trading Corporation (STC) announced 45 per cent dividend –– 35 per cent stock dividend and 10 per cent cash dividend –– for its stock holders.
There are nine active companies with a majority stake of the government that are listed at Nepal Stock Exchange. All the companies are earning profits, except for Nepal Film Development Corporation, thus giving out dividends to stock holders.
There are still 36 PEs under the government’s control among which only 22 companies are making profits, according to the Economic Survey 2011.
Nepal Telecom (NT) will distribute 45 per cent cash dividend to stake holders. Last year too it had distributed 35 per cent cash dividend. The company with its 150 million unit shares constitutes 25 per cent of the total market capitalisation of the stock exchange. The government holds 92 per cent stake in the telecommunication company.
Among the financial institutions, NIDC Capital Markets and Nepal Awas Bikas Bitta Company will provide dividends of 25 per cent and 15 per cent, respectively. But Agriculture Development Bank has yet to announce any dividend since its listing about two years back.
“These companies are able to give more dividends but being government owned entities there is less pressure on them to appease retail shareholders like other listed companies,” said general secretary of Nepal Investors’ Association Prakash Rajoria, referring to the monopoly enjoyed by government companies.
Most of these government owned companies enjoy a monopoly in their respective areas making it profit generating entities. NT, despite the existence of new telecom companies, enjoys a near-monopoly situation. Likewise, STC has a monopoly over salt distribution nationwide. Chilime Hydropower also being Nepal Electricity Authority’s subsidiary has a ready buyer at hand.
He pointed out that stocks of government companies are for risk aversive investors as they neither give high returns nor fall to an abysmal low. “The government’s backing is an assurance for investors that the chances of the company collapsing is low even during a bad phase unlike companies with private promoters,” he said citing the example of Nepal Bank that was de-listed due to its financial troubles but the hope of the bank again being listed is still intact as shown by its improved condition.
According to experts, during a bearish run, investors look for underlying benefits like cash dividends and bonus shares instead of short-term returns. Even though the short-term return from share investment is non-existent, a handsome dividend can make up for any losses.
Source: THT
Friday, August 19, 2011
4th Quarter Profit Reports of Commercial Banks.
RBB tops chart with Rs 2.15b net profit
KATHMANDU, AUG 17
State-owned Rastriya Banijya Bank (RBB) has topped the chart with regard to net profit even though it is yet to wipe off its negative net worth. The bank posted a net profit of Rs 2.15 billion in fiscal year 2010-11, the highest among commercial banks.
Leading private sector banks like Nabil Bank, Standard Chartered Bank (SCB) and Agricultural Development Bank Nepal, all posted net profits of more than Rs 1 billion in the last fiscal year. Similarly, all the commercial banks witnessed a growth in profits compared to previous fiscal years.
Although the banking sector that faced a severe liquidity crunch in the last fiscal year, it did not stop them from making profit. Majority of banks that have made public their balance sheets witnessed a rise in profits in the last fiscal year compared to the previous year.
Other banks including the Bank of Kathmandu, Everest, Lumbini, KIST, Global, NMB and Laxmi Bank witnessed a rise in profit in the last fiscal year compared to the previous fiscal year. Although a liquidity crunch marked half of the previous fiscal year 2009-10, the profit growth of banks remained at just Rs 60 million.
A majority of banks are yet to make public their financial status as they are adjusting the recovery of loans until mid-August as the central bank has allowed them to adjust the recovery of the extended one-month period in the balance sheet of the last fiscal year.
However, if the financial status of the banks that have published their balance sheets is any indication of the profits of commercial banks, they have made a good profit in the last fiscal year. Sashin Joshi, CEO of NIC Bank, said that profits grew substantially in the last fiscal year but the growth rate remained low.
The central banks allowing banks to renew realty loans for one year, if the borrower pays all the outstanding interest helped banks to make profits because they were exempted from provisioning the interest and principal of such unpaid loans, he said.
According to BN Gharti, deputy general manager of KIST, profits grew as they increased the rate of commission and other fees.
Banks importing gold might also have earned good profits due to rising gold price resulting in better profits overall, he said.
Another banker who asked to remain unnamed said that banks had not reduced their spread rate despite a rise in the cost of funds which contributed to the growth in profits.
With banks struggling to recover realty loans until the end of the last fiscal year, they are expected to recover at least the interest on the loans that went to the realty sector if they produce good profits.
As of the last fiscal year, total bank deposits reached Rs 673 billion as the banks started to get deposits in the last quarter of the fiscal year and they remained in a comfortable liquidity position. The have also made significant lending in the last quarter.
Data storage
Global Bank started to store its financial data in international standard disaster recovery site operated by CAS Trading at Bhairawa from Tuesday. Bank�s board member Dhan Bahadur Sherchan inaugurated the data centre. On the occasion, Sherchan said that the bank took this move to safeguard its customer�s property. �There is high risk of earthquake and other natural disasters in Kathmandu. So we decided to store our data at Bhairawa,� he said.
BANKS >> FY 10-11 >> FY 09-10 >>
RBB >> Rs 2.15 billion >> Rs 2.01 billion
NABIL >> Rs 1.29 billion >> Rs 1.14 billion
SCBN >> RS 1.11 billion >> Rs 1.08 billion
ADBN >> Rs 1.60 billion >> Rs 1.45 billion
BoK >> Rs 605.15 million >> Rs 509.26 million
PRIME >> Rs 370.01 million >> Rs 324.98 million
LUMBINI >> Rs 389.69 million >> Rs 383.58 million
KIST >> Rs 198.13 million >> Rs 144.13 million
GLOBAL >> Rs 226.31 million >> Rs 73 million
SUNRISE >> Rs 136.08 million >> Rs 204.35 million
EVEREST >> Rs 930 million >> Rs 831.76 million
NMB >> Rs 232.68 million >> Rs 154.85 million
LAXMI >> Rs 377.58 million >> Rs 325.65 million
NIC >> Rs. 500 million >> Rs 452.71 million
Source: Kantipur
KATHMANDU, AUG 17
State-owned Rastriya Banijya Bank (RBB) has topped the chart with regard to net profit even though it is yet to wipe off its negative net worth. The bank posted a net profit of Rs 2.15 billion in fiscal year 2010-11, the highest among commercial banks.
Leading private sector banks like Nabil Bank, Standard Chartered Bank (SCB) and Agricultural Development Bank Nepal, all posted net profits of more than Rs 1 billion in the last fiscal year. Similarly, all the commercial banks witnessed a growth in profits compared to previous fiscal years.
Although the banking sector that faced a severe liquidity crunch in the last fiscal year, it did not stop them from making profit. Majority of banks that have made public their balance sheets witnessed a rise in profits in the last fiscal year compared to the previous year.
Other banks including the Bank of Kathmandu, Everest, Lumbini, KIST, Global, NMB and Laxmi Bank witnessed a rise in profit in the last fiscal year compared to the previous fiscal year. Although a liquidity crunch marked half of the previous fiscal year 2009-10, the profit growth of banks remained at just Rs 60 million.
A majority of banks are yet to make public their financial status as they are adjusting the recovery of loans until mid-August as the central bank has allowed them to adjust the recovery of the extended one-month period in the balance sheet of the last fiscal year.
However, if the financial status of the banks that have published their balance sheets is any indication of the profits of commercial banks, they have made a good profit in the last fiscal year. Sashin Joshi, CEO of NIC Bank, said that profits grew substantially in the last fiscal year but the growth rate remained low.
The central banks allowing banks to renew realty loans for one year, if the borrower pays all the outstanding interest helped banks to make profits because they were exempted from provisioning the interest and principal of such unpaid loans, he said.
According to BN Gharti, deputy general manager of KIST, profits grew as they increased the rate of commission and other fees.
Banks importing gold might also have earned good profits due to rising gold price resulting in better profits overall, he said.
Another banker who asked to remain unnamed said that banks had not reduced their spread rate despite a rise in the cost of funds which contributed to the growth in profits.
With banks struggling to recover realty loans until the end of the last fiscal year, they are expected to recover at least the interest on the loans that went to the realty sector if they produce good profits.
As of the last fiscal year, total bank deposits reached Rs 673 billion as the banks started to get deposits in the last quarter of the fiscal year and they remained in a comfortable liquidity position. The have also made significant lending in the last quarter.
Data storage
Global Bank started to store its financial data in international standard disaster recovery site operated by CAS Trading at Bhairawa from Tuesday. Bank�s board member Dhan Bahadur Sherchan inaugurated the data centre. On the occasion, Sherchan said that the bank took this move to safeguard its customer�s property. �There is high risk of earthquake and other natural disasters in Kathmandu. So we decided to store our data at Bhairawa,� he said.
BANKS >> FY 10-11 >> FY 09-10 >>
RBB >> Rs 2.15 billion >> Rs 2.01 billion
NABIL >> Rs 1.29 billion >> Rs 1.14 billion
SCBN >> RS 1.11 billion >> Rs 1.08 billion
ADBN >> Rs 1.60 billion >> Rs 1.45 billion
BoK >> Rs 605.15 million >> Rs 509.26 million
PRIME >> Rs 370.01 million >> Rs 324.98 million
LUMBINI >> Rs 389.69 million >> Rs 383.58 million
KIST >> Rs 198.13 million >> Rs 144.13 million
GLOBAL >> Rs 226.31 million >> Rs 73 million
SUNRISE >> Rs 136.08 million >> Rs 204.35 million
EVEREST >> Rs 930 million >> Rs 831.76 million
NMB >> Rs 232.68 million >> Rs 154.85 million
LAXMI >> Rs 377.58 million >> Rs 325.65 million
NIC >> Rs. 500 million >> Rs 452.71 million
Source: Kantipur
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