Intraco Refueling Station Limited (IRSL), an 'A' category listed company, has posted moderate growths in operating and gross profits during the calendar year 2013 to fiscal year (FY) 2018.
The company's operating profits were above Tk 61.75 million and above Tk 64.96 million for two calendar years 2013 and 2014 respectively.
Later, the company's operating profit stood at above Tk 113.22 million for 18 months ended on June 30, 2016.
Afterwards, the company reported its operating profits of above Tk 103.13 million and above Tk 123.25 million for the FY 2017 and FY 2018 respectively.
The company's gross profit was above Tk 92.42 million and above Tk 104.47 million for two calendar years 2013 and 2014.
The gross profit later stood at above Tk 164.18 million for 18 months ended on June 30, 2016.
Later, the company reported its gross profit of above Tk 150.48 million for the FY 2017 and above Tk 164.76 million for the FY 2018.
The company's turnover gradually rose during the calendar year 2013 to the FY 2018.
The company's turnover values were above Tk 637.63 million and above Tk 745.16 million for the calendar years 2013 and 2014 respectively.
Later, the company reported its turnover of above Tk 1.12 billion for a period of 18 months ended on June 30, 2016.
The turnovers were above Tk 993.35 million and above Tk 1.13 billion for the FYs 2017 and FY 2018 respectively.
The company reported its net profit of above Tk 37.93 million and above Tk 38.94 million for two calendar years 2013 and 2014 respectively.
Later, the company's net profit stood at above Tk 61.28 million for the FY 2017 and above Tk 59.04 million for the FY 2018.
A mixed trend was observed in earnings per share (EPS) during the calenday 2013 to FY 2018.
The EPS was Tk 1.15 and Tk 1.18 for the calendar years 2013 and 2014 respectively.
The EPS was Tk 1.50 for 18 months ended on June 30, 2016. Later, the EPS stood at above Tk 1.36 for the FY 2017 and Tk 1.15 for the FY 2018.
The company's management has given explanation on deviation of EPS in the FY 2018 from the EPS reported in the FY 2017.
In its explanation, the company said that the EPS for the year ended on June 30, 2018 has decreased due to tax charged on dividend income from subsidiary companies and increase of weighted average number of ordinary shares in comparison with previous year and NOCFPS increased as per normal business activities.
Meanwhile, the company has set five new projects to enhance its future business periphery and create value for the shareholders in coming days.
The projects are: LPG Bottling plant at Patenga, Chottogram, LPG Refueling Station at different locations in the country, and expansion of the existing running Refueling Stations.
On January 30, 2019, the IRSL was placed in 'A' category from 'N' category as the company disbursed 10 per cent dividend (5.0 per cent cash and 5.0 per cent stock) for the year ended on June 30, 2018.
The IRSL started its journey in 2007 with establishing a small CNG refueling station at Chandpur with the goal of becoming the premier CNG refueling hospitality industry in Bangladesh.
As days progressed, the company owns three CNG refueling stations and five subsidiaries. The company has 95 per cent stake at the subsidiaries.
The subsidiary companies of the IRSL are: Good CNG Refueling Station, M Hye & Company CNG Refueling Station, Nessa & Sons, Absar & Elias Enterprises, and East End Automobiles.
Meanwhile, the IRSL has decided to merge its five subsidiary companies with itself to reduce the 'management cost' and avail 'tax benefit'.
The decision will be implemented as per approvals from the shareholders, the securities regulator and the court.
The IRSL, presently an 'A' category company, was listed with the stock exchanges in 2018.
The company's sponsor-directors hold 30.51 per cent shares, institutions 22.47 per cent and 47.02 per cent as of December 31, 2018, according to information of Dhaka Stock Exchange (DSE).
The share price of the IRSL closed at Tk 27.70 each on Thursday with a rise of 2.22 per cent or Tk 0.60 on the premier bourse DSE.
