Bangladesh
4 years ago

Jamuna Oil recommends 130pc cash dividend

Representational image
Representational image

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The board of directors of state-run Jamuna Oil Company Ltd has recommended 130 per cent cash dividend for the year ended on June 30, 2019, said an official disclosure on Thursday.

The final approval of dividend will come during the Annual General Meeting (AGM) scheduled to be held on February 1, 2020 in Chattogram.

The record date is December 22, 2019.

The company has also reported EPS of Tk 21.19, NAV per share of Tk 167.61 and NOCFPS of negative Tk 92.01 for the year ended on June 30, 2019 as against Tk 25.45, Tk. 162.40 (restated) and negative Tk 51.23 respectively for the same period of the previous year.

The company also published un-audited first quarter (Q1) earnings for July-September 2019 on Thursday.

As per the (Q1), EPS was Tk 4.58 for July-September 2019 as against Tk 6.29 for July-September 2018; NOCFPS was Tk 10.14 for July-September 2019 as against Tk 25.61 for July-September 2018. NAV per share was Tk 168.39 as on September 30, 2019 and Tk 167.61 as on June 30, 2019.

In 2018, the company also disbursed 130 per cent cash dividend.

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

Each share of the company, which was listed on the Dhaka bourse in 2007, closed at Tk 166.20 on Wednesday at Dhaka Stock Exchange (DSE).

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

The government owns 60.08 per cent stake in the company, while the institutional investors own 20.20 per cent, foreign investors 3.49 per cent and the general public 16.23 per cent as on September 30, 2019, the DSE data shows.

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