The boards of directors of state-run two more listed companies – Jamuna Oil Company and Eastern Lubricants – have recommended cash dividends for the year ended on June 30, 2020, according to official disclosures on Tuesday.
Jamuna Oil: The board of directors of Jamuna Oil Company has recommended a 120 per cent cash dividend for the year ended on June 30, 2020.
The final approval of the dividend will come during the annual general meeting (AGM) scheduled to be held on March 13 at 2:00 pm through a digital platform.
The record date is January 19.
The company has also reported earnings per share (EPS) of Tk 18.13, net asset value (NAV) per share of Tk 161.40 and net operating cash flow per share (NOCFPS) of Tk 20.38 for the year ended on June 30, 2020 as against Tk 21.19, Tk 167.61 and negative Tk 92.01 respectively for the same period of the previous year.
The company also disclosed for July-September, 2020 un-audited financial statements. As per the disclosure, its EPS Tk. 4.07 for July-September 2020 as against Tk. 4.58 for July-September 2019; NOCFPS was Tk. 39.98 for July-September 2020 as against Tk. 10.14 for July-September 2019. NAV per share was Tk. 174.53 as on September 30, 2020 and Tk. 161.40 as on June 30, 2020.
In 2019, the company disbursed 130 per cent cash dividend.
Each share of the company, which was listed on the Dhaka bourse in 2007, closed at Tk 165.90 on Monday.
Eastern Lubricants: The board of directors of Eastern Lubricants has recommended a 30 per cent cash dividend for the year ended on June 30, 2020.
The AGM will be held on March 13, 2021 at 11:00 am through a digital platform.
The record date is January 20.
The company has also reported EPS of Tk. 5.43, NAV per share of Tk. 178.45 and NOCFPS of Tk. 92.63 for the year ended on June 30, 2020 as against Tk. 23.45, Tk. 182.76 and Tk. 137.47 respectively for the same period of the previous year.
There will be no price limit on the trading of the shares of the both companies today following their corporate declarations, however, as per the BSEC order dated March 19, 2020, the floor price shall be applicable accordingly.
The company also disclosed for July-September, 2020 un-audited financial statements. As per the disclosure, its EPS was Tk 2.86 for July-September 2020 as against Tk 1.14 for July-September 2019.
The NOCFPS was negative Tk 0.88 for July-September 2020 as against positive Tk. 19.40 for July-September 2019.
The net asset value (NAV) per share was Tk 181.31 as on September 30, 2020 and Tk 178.45 as on June 30, 2020.
The company disbursed 100 per cent cash dividend in 2019.
Each share of the company, which was listed on the Dhaka bourse in 1976, closed at Tk 1,096.60 on Monday.
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