Meghna Petroleum recommends 140pc cash dividend

FE Online Report | Published: November 08, 2018 11:33:45 | Updated: November 19, 2018 15:29:25

The board of directors of Meghna Petroleum has recommended 140 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 January 12, 2019, said an official disclosure on Thursday.

The state-run company will also hold extraordinary general meeting (EGM) on January 12.

The record date for EGM and AGM is December 02.

The company has also reported EPS of Tk 33.30, NAV per share of Tk. 113.20 and NOCFPS of Tk 111.77 for the year ended on June 30, 2018 as against Tk. 20.28, Tk. 90.89 and Tk. 54.39 respectively for the same period of the previous year.

The company also disclosed July-September EPS on the day. As per unaudited financial statements, EPS was Tk 8.06 for July-September 2018 as against Tk 6.03 for July-September 2017.

The NOCFPS was Tk. 49.85 for July-September 2018 as against Tk. 45.99 for July-September 2017. NAV per share was Tk. 121.26 as on September 30, 2018 and Tk. 113.20 as on June 30, 2018.

The state-run company, which was listed on the Dhaka bourse in 2007, disbursed 110 per cent cash dividend in 2017.

Each share of the company closed at Tk 192.50 on Wednesday at Dhaka Stock Exchange.

There will be no price limit today on the trading of shares of the company following its corporate disclosure.

The company’s paid-up capital is Tk 1.08 billion and authorised capital is Tk 4.0 billion, while total number of securities is 108.21 million, according to statistics from the DSE.

The government owns 58.67 per cent stake in the company, while the institutional investors own 32.72 per cent and the general public 8.61 per cent as on September 30, 2018.

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