The income and profit of the state-owned fuel oil marketing company Padma Oil Company Limited (POCL), increased despite the decrease in the sales of fuel oil during the first quarter (July-September) of the current financial year 2024-25.
In the first quarter (July-September) of the current financial year 2024-25 of the state-owned fuel oil marketing company Padma Oil Company Limited, the income and profit increased despite the decrease in the sales of fuel oil.
The board of the company declared 140 percent cash dividend to the investors for the financial year ended 2023-24. Padma Oil's earnings per share (EPS) for the financial year under review was Tk 41.59 as compared to Tk 35.58 in the previous financial year.
At the end of June 30, the company's net asset value per share (NAVPS) stood at Tk 203.46, which was Tk 231.56 in the previous financial year.
According to the data, in the first quarter of the current financial year 2024-25, the company sold 5 lakh 97 thousand 569 tonnes of fuel oil, which was 6 lakh 43 thousand 188 tonnes in the same quarter of the previous financial year.
The income of the company in the quarter under discussion was Tk 76 crore 26 lakh, which was Tk 70 crore 35 lakh in the same quarter of the previous financial year.
The company's net profit after tax in the quarter under review was Tk 124 crore 44 lakh as compared to Tk 90 crore 78 lakh in the same quarter of the previous financial year.
The Annual General Meeting (AGM) has been convened on the digital platform on December 17 at 3 pm. The record date in this regard has been fixed on December 3.
