Wasn’t expecting Nifra to declare cash dividend in its first year of listing. I gather they weren’t really engaged in anything other than FDs. How did it manage to?
They were profitable and had around 85 crores in distributable profit before they floated IPO. There were projections from the company that they might give out 6% bonus shares for every year upto 3 years .
4 comments
8.50% is around Rs 1.7 billion. (Paid up capital Rs 20 Billion)
NIFRA had Retained earnings of Rs 1.2 billion till last year Asadh 2077, plus net profit of Rs 83 crore last FY till Asadh 2078.
They were profitable and had around 85 crores in distributable profit before they floated IPO. There were projections from the company that they might give out 6% bonus shares for every year upto 3 years .
How come this has only one comment
they had some investment. probably from reserve?