The board of CVO Petrochemical Refinery PLC, a publicly traded entity in the energy sector, has sanctioned the company’s land revaluation report. This has resulted in an increase of Tk 567.52 million in the value of the company’s land. Following the board meeting, the company disclosed this price-sensitive information (PSI) yesterday. This information was made public by the Dhaka Stock Exchange (DSE).

As per the source, prior to the revaluation, the value of 95.90 percent of CVO Petrochemical’s land was Tk 146.47 million. Post-revaluation, the value of this land has risen to Tk 575.4 million. The revaluation was conducted by the auditing firm Ashraf Uddin & Company Chartered Accountants.

According to the financial report, during the first three quarters of the last-ended 2024-25 financial year (July-March), CVO Petrochemical’s consolidated earnings per share (EPS) was 2 taka 56 paisa, an increase from 2 taka 21 paisa in the same quarter of the previous financial year. The company’s consolidated net asset value per share (NAVPS) was recorded at 11 taka 87 paisa as of March 31, 2025.

In the financial year that concluded in 2023-24, the company announced a 10 percent cash dividend for its investors. The EPS for the financial year under review was 2 taka 34 paisa, compared to 46 paisa in the preceding financial year. The NAVPS was reported at 10 taka 31 paisa as of June 30, 2024.

In the financial year that ended in 2022-23, CVO Petrochemical Refinery declared a 5 percent cash dividend for general investors, excluding entrepreneur directors. The EPS for the financial year under review was 46 paisa. In the previous accounting year, the loss per share was 2 taka 63 paisa. As of June 30, 2023, the NAVPS was recorded at 8 taka 27 paisa.

CVO Petrochemical, which became publicly traded in 1990, had an authorized capital of 150 crores and a paid-up capital of 27 crores 77 lakhs. The company reported an accumulated loss of 30 lakhs taka. The total number of shares issued was 2 crores 77 lakhs 69 thousand 500. Among these, entrepreneur directors hold 45.31 percent of the shares, institutional investors possess 17.49 percent, foreign investors own 1.16 percent, and the remaining 37.04 percent is held by general investors.