The board of directors of Meghna Petroleum Ltd. has recommended 140 per cent cash dividend for the year ended on June 30, 2018.
The final approval for the dividend will come from the annual general meeting (AGM) of the state-run company, scheduled to be held in Chattogram on January 12, 2019, said an official disclosure recently.
The board of directors has also decided to hold an extraordinary general meeting (EGM) on January 12 for a correction to a clause of the 'Articles of Association' regarding the increase of number of directors in the board of the company. The record date for EGM and AGM is December 02.
The Meghna Petroleum Ltd. has also reported earnings per share (EPS) at Tk 33.30, net asset value (NAV) per share at Tk 113.20 and net operating cash flow per share (NOCFPS) at Tk 111.77 for the year ending on June 30, 2018 as against Tk 20.28, Tk 90.89 and Tk 54.39 respectively for the same period of the previous year.
