It is a broadly described annual report of Jamuna Oil Company Limited in the year of 2014. During the year 2013-2014 an amount of Taka. 7772.55 Lakh has been paid to the National Treasury as VAT, Income Tax and other, as against Taka. 7531.63 Lakh in 2012-2013 i.e. an amount of Tk. 240.92 Lakh more than that of the preceding year. In this financial year, 2013-2014 gross income from the sale of petroleum products was Taka. 14,712.12 lath which is higher by Taka. 676.39 Lakh (4.82%) compared to last year. Besides, income from other sources increased by Taka. 3231.18 Lakh due to efficient fund management during this year and as a result net profit before income tax arrived at Taka 30714.42 Lakh in the year 2013-2014 which is higher by Taka. 4314.69 Lakh (16.46%) compared to the year 2012-2013. In the financial year, 2013-2014 net profit after tax was Taka. 23167.80 Lakh as against Taka. 19900.57 Lakh in the year 2012-2013. In the year 2013-2014 net profit after tax increased by Taka. 3267.23 Lakh (16.42%) compared to previous year. During the Financial Year (FY) 2013-2014, company’s sale of petroleum products was 16.41 Lakh M. Ton as against 15.51 Lakh M. Tons in 2012-2013 (FY). So during the FY 2013-2014 company’s overall sale of petroleum products increased by 0.90 Lakh M. Tons (5.79%) in comparison to the previous year.
The Board of Directors is pleased to recommend 90% cash dividend i.e. in Taka. 9.00 per share and 10% Stock Dividend i.e. 10 Shares for every 100 shares of the profit of 2013-2014 Financial Year.
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