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BY A STAFF REPORTER Lalitpur, Dec 18: The fifth annual general meeting of Central Finance Co. Ltd. was held in Kupondole, Lalitpur on Sunday. The chairman Mr. Ratna Man Shrestha presented the annual report of FY 2057/58 to the general assembly. Stating that the company has been operating at a profit since the beginning he announced that the company would distribute a cash dividend of 25 per cent to its shareholders this year. The company’s deposits at the end of the FY 2057/58 stood at Rs. 137.49 million and loans and advances stood at Rs. 137.99 million which was an increase of 18 per cent and 25 per cent respectively from the previous year. He also stated that out of the total issued capital of Rs. 20 million, Rs. 12 million i.e. 60 per cent has already been fully paid up by the promoters and in accordance with Nepal Rastra Bank directives the company is making preparations to issue 80,000 shares worth Rs 8 million to the general public, the company said in a press release. |
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