Jamuna oil showed a 16.72 per cent year-on-year surge in profit to Tk 1.4 billion in its second quarter of FY25 as its interest income escalated.
Earnings per share rose to Tk 12.68 in the second quarter of FY25 from Tk 10.86 in the same period the year before.
Jamuna oil has a huge sum as deposits in banks and financial institutions.
Historically, it has shown lower operating incomes, compared to non-operating incomes, such as bank interest. Recently, its interest income shot up due to interest rate hikes. Hence, EPS went up in Q2 FY25, compared to Q2 FY24.
After the earnings disclosure, the stock of Jamuna oil climbed up 0.91 per cent to Tk 176.70 per share on the Dhaka Stock Exchange (DSE). Its current price-to-earnings (P/E) ratio is only 3.93, based on the latest income, which is much lower than the industry average of 8.36.
Jamuna oil’s half-yearly (July-December 2024) income surged 30 per cent year-on-year to Tk 2.64 billion.
The state-owned oil distributor markets octane, petrol, diesel, kerosene, furnace oil, bitumen and lubricants in Bangladesh.
Its net operating cash flow per share, a measure of a 9company’s ability to generate cash from its operations, increased to Tk 74.13 per share in H1 FY25 from Tk 8.41 a year ago, owing to lower payment to suppliers.
The net asset value, which refers to the excess of total assets over total liabilities, jumped to Tk 259.57 per share in December last year from Tk 228.61 per share a year earlier. https://today.thefinancialexpress.com.bd/stock-corporate/jamuna-oils-income-surges-on-higher-non-operating-income-1739206259
