Lumbini finance to distribute 22% dividend

Kathmandu February 21- BOD of Lumbini Finance and leasing company has proposed 22.75% dividend including 21.61% bonus share and 1.14% cash dividend for tax provision. Endorsed bonus share will heighten paid up capital to Rs. 412.5 million.

The proposed dividend is subjected to approve from NRB and forthcoming AGM of the finance.

Finance has succeeded to earn Rs. 4 million net profit in the current FY. Similarly, finance has Rs. 1 billion 929.7 million deposit collection and Rs. 1 billion 805.9 million loan and advance. Finance has bad debt of Rs. 21.83%, risky asset of 25.91%, EPS of Rs. 1.19  and P/E ratio of 220.06.