It is a broadly described annual report of Meghna Petroleum Limited in the year of 2015. During the financial year, the Company has contributed Taka. 23260 Lac to the National Exchequer in the form of the VAT, Customs Duty, Income Tax, River Dues, Dividend (BPC) and others as against Taka. 20844 Lac in the previous year, an additional amount of Taka. 2416 Lac has contributed to National Exchequer. The turnover of Megluta Petroleum Limited (MPL) decreased by 5.65% to Taka. 14396 mores in 2014-2015 which was Taka. 15259 Crores in 2013-2014. The Company has earned a profit before tax of Taka. 282.84 Crore as operating and non-operating income in the year 2014-2015 which was Taka. 325.21 Core in 2013-2014. Profit after tax decreased to Taka. 203A8 crones from Taka. 235.98 I.e. Taka. 32,50 crimes less than 2013-2014 due to the decrease in sales and low profit earned from Banks.
The Board of Directors of the Company at its Board Meeting held on 11 November 2015 has proposed to pay the cash dividend of Taka 10.50 (Taka Ten & Paisa Fifty) per 10 (Ten) taka share (105%). Board has proposed to pay the dividend on the basis of paid-up capital of It. 10821.61 Lac on the record date of 22 December 2015. Taka. 11362.69 Lac (@ 105% of total amount of paid-up capital of Taka. 10821.61 Lac will be payable as a dividend subject to the approval of the shareholders in this Annual General Meeting.
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