Union Finance Limited Thursday announced that it earned a net profit of Rs 57 million in the last fiscal year. Issuing a press statement Thursday, the company said it mobilized deposits of Rs 720 million and issued loans of Rs 707.60 million in the 2007/08 fiscal year, which ended on Tuesday. The company currently has a paid-up capital of Rs 72.50 million and aims to double it by issuing rights shares in a ratio of 1:1. Likewise, the company has unveiled a new deposit scheme, Ujjwal Bhavishya Yojana Wednesday.
Source: eKantipur
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Friday, July 18, 2008
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