Meghna Petroleum profit soars 66% in Q2

State-run Meghna Petroleum's profit rose in the second quarter of fiscal year 2024-25.   

It posted a profit of Tk 163.32 crore in the October-December quarter of 2024, marking a 66 percent year-on-year increase.

Shares of Meghna Petroleum went up 0.73 percent in mid-day trading today at the Dhaka Stock Exchange. 

Its earnings per share (EPS) stood at Tk 15.09 for the quarter, up from Tk 9.06 in the same period the previous year, according to its financial statements.  

For the first half of the fiscal year, the company's EPS increased to Tk 27.82 from Tk 17.48 a year earlier.  

The net operating cash flow per share of state run oil marketing company surged to Tk 158.78 in July-December 2024, compared to Tk 60.27 in the negative last year.