Jamuna Oil Company earned a record profit of Tk 6.48 billion in FY25, supported by higher sales margins and substantial income from bank deposits.
the state-run oil distributor registered a 47 per cent year-on-year growth in profit for the year ended in June this year, according to a recent stock exchange filing.
the government raised the margin on fuel sales by 60 per cent to Tk 0.80 per liter for the three state-owned oil marketing companies, including Jamuna Oil, while the margin on octane and petrol rose by 50 per cent to Tk 0.90 per liter in March last year.
the record profit prompted the company to declare its highest-ever cash dividend – 180 per cent – for FY25, up from 150 per cent paid for the previous year.
investors will receive Tk 18 per share from the yearly income of Tk 58.70 per share, meaning the company will distribute only one-third of its profit as cash dividends to shareholders for the year. Due to higher dividend declaration, its dividend yields estimated to be a record high of 9.57 per cent for the year.