Padma Oil Company Limited has entered into an agreement with Beximco LPG Unit-1 Limited for the purpose of business expansion. The company will set up LPG (autogas) refueling stations for the purpose of selling LPG and sell petroleum oil through the company’s registered filling station. According to the agreement, the company will get a royalty of 50 paisa per liter of LPG sold. Dhaka Stock Exchange (DSE) sources said.

Meanwhile, the company’s earnings per share in the third quarter (January-March, 2020) was Tk 7.28, which was Tk 5.36 in the same period last year. In addition, on March 31, 2020, the asset price per share stood at Tk 150.48, which was Tk 142.75 on June 30, 2019.

The company has declared a cash dividend of 130 per cent after reviewing its audited financial statements for the year ended June 30, 2019. At the time of discussion, EPS stood at Tk 29.07 and net asset value per share (NAV) stood at Tk 142.75. And at that time the total profit was Tk 265.55 crore.

Earlier, Padma Oil had paid 130 per cent cash dividend to investors in the financial year ended June 30, 2018. The company’s earnings per share (EPS) for that year was Tk 34. 17 and net asset value per share (NAV) was Tk 127.6. The profit was Tk 335.60.