Premier Finance Company's 15% dividend

Premier Finance Company has approved 15 per cent bonus share and seven per cent cash dividend to its share holders from the profit of fiscal year 2009-10 in the 14th AGM of bank held on Wednesday. The company has increased its profit to 109.58 per cent compared to last fiscal. According to chairman of the company Bharat Narsingh Joshi, after 15 per cent bonus share the company's paid up capital will be Rs 120.66 million. It is issuing 2:1 rights shares to increase the paid up capital. It has collected the deposit worth Rs 1.03 billion and floated Rs 1.02 billion loan by the end of last fiscal year.

Source:
tht