Padma Oil clocks Tk 240.38 crore profit in 2021-22

Padma Oil Co. Ltd clocked a profit of Tk 240.38 crore in 2021-22, up 5 per cent from a year earlier.

The state-run oil marketing agency made a profit of Tk 228.59 crore in 2020-21.

Thus, the company reported earnings per share of Tk 24.47 for the year that ended on June 30 against Tk 23.27 in 2020-21.

The board of directors of Padma Oil has recommended a 125 per cent cash dividend for the last financial year.

The company also reported earnings for the first quarter of 2022-23.

The profit rose more than 25 per cent to Tk 70.73 crore in July-September. It was Tk 56.48 crore during the same quarter a year earlier.

The EPS stood at Tk 7.20 in July-September of 2022 compared to Tk 5.75 during the identical quarter of 2021, according to the unaudited financial statements.