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Meghna Petroleum’s net profit after tax fell 8.58 per cent year-on-year in nine months for July, 2019 to March, 2020.
The board of directors of the state-run company in a meeting held on Monday approved the provisional and un-audited financial statements for the third quarter ended on March 31, 2020.
As per the disclosure, the company’s net profit after tax stood at Tk 2.13 billion for July, 2019 to March, 2020, which was Tk 2.33 billion in the same period of the previous year.
The company’s earnings per share (EPS) stood at Tk 19.72 for July, 2019 to March, 2020, as against Tk 21.53 in the same period of the previous year.
In three months, for January to March 2020, its net profit after tax stood at Tk 646.14 million which was Tk 639.32 million in the same quarter last year.
Its EPS stood at Tk 5.97 for January to March 2020, as against Tk 5.91 in the same period of the previous year.
The net asset value (NAV) per share was Tk 154.02 as on March 31, 2020 which was Tk 120.73 as on March 31, 2019.
The company’s net operating cash flow per share was Tk 37.11 for July, 2019 to March, 2020, as against Tk 35.16 in the same period of the previous year.
Each share of the company, which was listed on the Dhaka Stock Exchange in 2007, closed at Tk 157.800 on Monday.
Its share traded between Tk 119 and Tk 206.90 in the last one year.
The company disbursed 150 per cent cash dividend for the year ended on June 30, 2019.
The company’s paid-up capital is Tk 1.08 billion and authorised capital is Tk 4.0 billion, while the total number of securities is 108.21 million.
The government owns 58.67 per cent stake in the company, while the institutional investors own 30.05 per cent, foreign investors 0.81 per cent and the general public 10.47 per cent as on February 29, 2020, the DSE data showed.