Meghna Petroleum reports 19% dip in earnings

Meghna Petroleum Limited has reported a nearly 19% dip in earnings over the same period last year.

It reported earnings per share (EPS) fell to Tk 28.45 in FY 2019-20 from Tk 35.11 recorded in the previous fiscal year, said the company in a filing with Dhaka Stock Exchange (DSE) on Thursday.

However, its net asset value (NAV) per share stood at Tk 148.21, up from Tk 134.30 during the period.

The state-owned company that engages in the procurement, storage, and marketing of petroleum products recommended a 150 percent cash dividend for the last fiscal year. The annual general meetings (AGM) of the company is scheduled to take place on March 6 next year.