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State-owned fuel marketer Jamuna Oil Company reported a whopping 56.42 per cent year-on-year jump in profit to Tk 1.41 billion in the third quarter though March of FY25, riding on interest income from bank deposits.
Hence, earnings per share jumped to Tk 12.73 for January-March this year from Tk 8.14 for the same quarter last year, according to price sensitive information published on Monday.
Jamuna Oil, which markets octane, petrol, diesel, kerosene, furnace oil, bitumen and lubricants countrywide, has a huge amount of money deposited in banks. With interest rates gone up, the company's profit got a boost from higher non-operating income.
In FY24, Jamuna Oil's operating profit was only Tk 0.45 billion whereas non-operating income Tk 5.57 billion. Most of the non-operating income was derived from bank interest.
In the first six months of FY25, operating profit was Tk 0.30 billion accompanied by non-operating income of Tk 3.80 billion.
The company said its EPS had mainly been driven by an increase in income from selling petroleum products and interest income on bank deposits.
It is yet to publish revenue data for the third quarter through March of FY25.
However, in the nine months through March this year profit soared by 37.8 per cent year-on-year to Tk 4.05 billion.
The net operating cash flow per share, a measure of a company's ability to generate cash from its operations, shot up to Tk 88.26 in the quarter through March from Tk 16.66 in the same period last year.
This increase [in cash flow] is primarily due to a decrease in inventories and increase in accruals, said the company.
Meanwhile, the stock fell 1.66 per cent to Tk 171.5 per share on Monday on the Dhaka Stock Exchange, despite the significant rise in profits.
Annual Financial Performance
Jamuna Oil Company secured a remarkable 29.58 per cent year-on-year growth in profit to Tk 4.42 billion in FY24.
Based on the profit growth, the company paid a 150 per cent cash dividend to shareholders for the year.
farhan.fardaus@gmail.com
State-owned fuel marketer Jamuna Oil Company reported a whopping 56.42 per cent year-on-year jump in profit to Tk 1.41 billion in the third quarter though March of FY25, riding on interest income from bank deposits.
Hence, earnings per share jumped to Tk 12.73 for January-March this year from Tk 8.14 for the same quarter last year, according to price sensitive information published on Monday.
Jamuna Oil, which markets octane, petrol, diesel, kerosene, furnace oil, bitumen and lubricants countrywide, has a huge amount of money deposited in banks. With interest rates gone up, the company's profit got a boost from higher non-operating income.
In FY24, Jamuna Oil's operating profit was only Tk 0.45 billion whereas non-operating income Tk 5.57 billion. Most of the non-operating income was derived from bank interest.
In the first six months of FY25, operating profit was Tk 0.30 billion accompanied by non-operating income of Tk 3.80 billion.
The company said its EPS had mainly been driven by an increase in income from selling petroleum products and interest income on bank deposits.
It is yet to publish revenue data for the third quarter through March of FY25.
However, in the nine months through March this year profit soared by 37.8 per cent year-on-year to Tk 4.05 billion.
The net operating cash flow per share, a measure of a company's ability to generate cash from its operations, shot up to Tk 88.26 in the quarter through March from Tk 16.66 in the same period last year.
This increase [in cash flow] is primarily due to a decrease in inventories and increase in accruals, said the company.
Meanwhile, the stock fell 1.66 per cent to Tk 171.5 per share on Monday on the Dhaka Stock Exchange, despite the significant rise in profits.
Annual Financial Performance
Jamuna Oil Company secured a remarkable 29.58 per cent year-on-year growth in profit to Tk 4.42 billion in FY24.
Based on the profit growth, the company paid a 150 per cent cash dividend to shareholders for the year.
farhan.fardaus@gmail.com
State-owned fuel marketer Jamuna Oil Company reported a whopping 56.42 per cent year-on-year jump in profit to Tk 1.41 billion in the third quarter though March of FY25, riding on interest income from bank deposits.
Hence, earnings per share jumped to Tk 12.73 for January-March this year from Tk 8.14 for the same quarter last year, according to price sensitive information published on Monday.
Jamuna Oil, which markets octane, petrol, diesel, kerosene, furnace oil, bitumen and lubricants countrywide, has a huge amount of money deposited in banks. With interest rates gone up, the company's profit got a boost from higher non-operating income.
In FY24, Jamuna Oil's operating profit was only Tk 0.45 billion whereas non-operating income Tk 5.57 billion. Most of the non-operating income was derived from bank interest.
In the first six months of FY25, operating profit was Tk 0.30 billion accompanied by non-operating income of Tk 3.80 billion.
The company said its EPS had mainly been driven by an increase in income from selling petroleum products and interest income on bank deposits.
It is yet to publish revenue data for the third quarter through March of FY25.
However, in the nine months through March this year profit soared by 37.8 per cent year-on-year to Tk 4.05 billion.
The net operating cash flow per share, a measure of a company's ability to generate cash from its operations, shot up to Tk 88.26 in the quarter through March from Tk 16.66 in the same period last year.
This increase [in cash flow] is primarily due to a decrease in inventories and increase in accruals, said the company.
Meanwhile, the stock fell 1.66 per cent to Tk 171.5 per share on Monday on the Dhaka Stock Exchange, despite the significant rise in profits.
Annual Financial Performance
Jamuna Oil Company secured a remarkable 29.58 per cent year-on-year growth in profit to Tk 4.42 billion in FY24.
Based on the profit growth, the company paid a 150 per cent cash dividend to shareholders for the year.
farhan.fardaus@gmail.com
State-owned fuel marketer Jamuna Oil Company reported a whopping 56.42 per cent year-on-year jump in profit to Tk 1.41 billion in the third quarter though March of FY25, riding on interest income from bank deposits.
Hence, earnings per share jumped to Tk 12.73 for January-March this year from Tk 8.14 for the same quarter last year, according to price sensitive information published on Monday.
Jamuna Oil, which markets octane, petrol, diesel, kerosene, furnace oil, bitumen and lubricants countrywide, has a huge amount of money deposited in banks. With interest rates gone up, the company's profit got a boost from higher non-operating income.
In FY24, Jamuna Oil's operating profit was only Tk 0.45 billion whereas non-operating income Tk 5.57 billion. Most of the non-operating income was derived from bank interest.
In the first six months of FY25, operating profit was Tk 0.30 billion accompanied by non-operating income of Tk 3.80 billion.
The company said its EPS had mainly been driven by an increase in income from selling petroleum products and interest income on bank deposits.
It is yet to publish revenue data for the third quarter through March of FY25.
However, in the nine months through March this year profit soared by 37.8 per cent year-on-year to Tk 4.05 billion.
The net operating cash flow per share, a measure of a company's ability to generate cash from its operations, shot up to Tk 88.26 in the quarter through March from Tk 16.66 in the same period last year.
This increase [in cash flow] is primarily due to a decrease in inventories and increase in accruals, said the company.
Meanwhile, the stock fell 1.66 per cent to Tk 171.5 per share on Monday on the Dhaka Stock Exchange, despite the significant rise in profits.
Annual Financial Performance
Jamuna Oil Company secured a remarkable 29.58 per cent year-on-year growth in profit to Tk 4.42 billion in FY24.
Based on the profit growth, the company paid a 150 per cent cash dividend to shareholders for the year.
farhan.fardaus@gmail.com