MJL Bangladesh reveals mixed Q2 earnings
MJL Bangladesh revealed mixed revenue earnings of its different units for the second quarter of 2017-18.
The revenue of the company's trading unit rose 6.80 percent year-on-year to Tk 101.7 crore while its oil tanker unit saw a 79.04 percent fall in revenue, as it remained laid up for two months for maintenance.
The company's manufacturing unit's earnings grew 8.71 percent year-on-year to Tk 106.7 crore.
The drop in revenue of oil tanker weakened both profit after tax and earnings per share of the company by 32.56 percent to reach Tk 28.7 crore and Tk 0.95 respectively in the period, said Sabbir Ahmed, head of finance and planning at MJL Bangladesh.
The dent was partially neutralised by an 83 percent revenue growth of Omera Petroleum Ltd, moving the consolidated earnings per share close to the previous reporting period, he said at a programme to unveil the earnings at a hotel in Dhaka on February 1.