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Meghna Petroleum declares 170pc cash dividend


Published : 13 Nov 2024 09:47 PM

The state-owned energy sector listed company Meghna Petroleum Limited has announced 170 percent cash dividend to pay to its investors for the financial year ended June 30, 2024.

The board of the company took this decision in the recently held meeting.  As per the audited financial report, the company's earnings per share (EPS) for the last fiscal year ended 2024 stood at Tk 50.11 as against Tk 40.86 in the previous fiscal year.  

At the end of June 30 this year, the company's net asset value per share (NAVPS) stood at Tk 234.12.  

The Annual General Meeting (AGM) has been called on the digital platform on February 1 next year to seek investor approval for the dividend declared and other agenda items.  The record date in this regard has been fixed on December 15.

Meghna Petroleum's EPS for the first quarter (July-September) of the current financial year 2024-25 was Tk 12.73 as against Tk 8.42 in the same period of the previous financial year.