Major turnaround helps People’s Finance declare second interim dividend

On the 31 July 2011, People’s Finance PLC declared an interim dividend of Rs. 1.25 for the financial year 2011/12. This is the second dividend payment to the Shareholders of the Company during the calendar year 2011.

The Company paid a dividend of Rs. 0.50 per share amounting to Rs. 22.71 million in February 2011. Very confident about the stability and consistent growth and development of the company, the Directors, on this basis have approved another interim dividend of Rs. 1.25 per share amounting to Rs. 85.18 million, keeping in line with the Company’s impressive performance during the past four months ended 31 July 2011.

“This represents a remarkable growth of 150% when compared with the previous dividend payment of Rs. 0.50 per share,” People’s Finance said.

The Directors of the Company believe that this would enhance the shareholders wealth, confidence and create a established platform to develop a more prospective and promising dividend policy for the company.