Padma Oil’s earnings decrease, offers 125% cash dividend

The earnings per share (EPS) of Padma Oil Co Ltd decreased by 4.4 percent to Tk27.79 for 2019-20 fiscal year (FY) as against Tk29.07 for the same period of previous year. 

In a statement on Dhaka Stock Exchange on Sunday, the company said that the board of directors recommended 125 percent cash dividend. 

The company also reported net asset value (NAV) per share of Tk157.64 and net operating cash flow per share (NOCFPS) of Tk80.91 for 2019-20 FY as against Tk142.85 and Tk52.29 in the negative respectively for the same period of the previous year.

The annual general meetings (AGM) of the company is scheduled to take place on February 27 next year.