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Jamuna Oil recommends 130pc cash dividend

FE Online Report | Published: November 15, 2018 11:24:03 | Updated: November 19, 2018 15:29:21


The board of directors of Jamuna Oil Company Limited has recommended 130 per cent cash dividend for the year ended on June 30, 2018.

The final approval of dividend will come during the annual general meeting (AGM) scheduled to be held on February 02, 2019 in Chattogram.

The record date is December 27.

The state-run company has also reported earnings per share (EPS) of Tk 25.45, net asset value (NAV) per share of Tk 170.34 and net operating cash flow per share (NOCFPS) of minus Tk 51.31 for the year ended on June 30, 2018 as against Tk 20.31, Tk 166.98 and minus Tk 24.55 respectively for the same period of the previous year.

The company also published first quarter (Q1) earnings on Thursday. As per Q1 financial reports, EPS was Tk 6.29 for July-September, 2018 as against Tk 5.22 for July-September, 2017.

The NOCFPS was Tk. 25.61 for July-September, 2018 as against Tk. 27.22 for July-September, 2017.

The NAV per share was Tk. 176.15 as on September 30, 2018 and Tk. 170.34 as on June 30, 2018.

In 2017, the company disbursed 110 per cent cash dividend.

Each share of the company, which was listed on the DSE in 2007, closed at Tk 193.60 on Wednesday.

The company’s paid-up capital is Tk 1.10 billion and authorised capital is Tk 3.0 billion, while the number of securities is 110.42 million.

The government owns 60.08 per cent stake in the company, while institutional investors own 21.23 per cent, foreign investors 3.49 per cent and the general public 15.20 per cent as on September 30, 2016.

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