Multipurpose Finance to Skip Dividend from FY 2079/80

January 4, 2024 | Investopaper

Multipurpose Finance Limited (MPFL) has informed about the dividend to the shareholders. The dividend announcement is from the fiscal year 2079/80.

The board meeting of the company held on Poush 18, 2080 BS has decided not to propose any dividend or bonus share from the profit of the fiscal year 2079/80.

As of Ashad’s end 2080 BS, Multipurpose Finance has a paid-up capital of Rs 61.02 crores.

The financial statements for the fiscal year 2079/80 are subject to approval from Nepal Rastra Bank and the upcoming Annual General Meeting (AGM).

From the previous fiscal year 2078/79 as well, the company didn’t provide any dividend to the shareholders. Likewise, from the FY 2077/78, the finance had distributed a 13.526 percent dividend, including a 3 percent bonus share and a 0.526 percent cash dividend (for tax purposes).


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