Punjab Kashmir Finance announces 10pc dividend

Jalandhar, June 9: Punjab Kashmir Finance (PKF) Ltd, a company which finances transport vehicles, medical and industrial equipment, today announced to pay 10 per cent dividend to its shareholders.

After its annual general body meeting held here, Chairman and Managing Director Alok Sondhi told media persons that the company had achieved 11 per cent growth in turnover, which crossed Rs 161 crore, while the 29 per cent increase in the profit went upto Rs 3.51 crore.

He said Rs 1.35 crore was contributed to the exchequer, 12 per cent higher than the last year while the non-performing assets (NPA) had been reduced to 17 per cent.

Mr Sondhi said RBI has authorised the company as full fledged money changer and the company was also undertaking share brokering, insurance and mutual funds business among others.

UNI