Issuing a press statement, Royal Merchant Banking and Finance said that it had become successful in posting a net profit of Rs 21.88 million in 2008/09. The meeting also decided to distribute 1:1 right shares after issuance of the bonus shares, targeting a paid-up capital to Rs 295.7 million.
The company mobilized Rs 1,337 million as deposits and disbursed Rs 1,180 million on loans and Rs 185.4 million on investment in 2008/09.
United Finance holds AGM
KATHMANDU, Dec 19: The 15th Annual General Meeting (AGM) of United Finance Limited has decided to distribute 12.5 percent bonus shares from its net profit recorded during fiscal year 2008/09.
According to a press statement, the board of directors of the category ´C´ company also decided to bear tax on the cash divided. The meeting also approved the decision to increase its issued capital and paid-up capital to Rs 800 million and Rs 35.06 million respectively.
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