Meghna Petroleum Ltd (MPL) has approved 110 percent cash dividend for 2016-17.

The announcement came at the company's 39th annual general meeting (AGM) at Chittagong Boat Club at Patenga in the port city yesterday.

Abu Hena Md Rohmatul Muneem, chairman of the company, presided over the AGM.

Directors Sayed Mohammad Mozammel Haque, Shankar Prashad Dev and Perveen Akhter were also present at the meeting.

The meeting also announced that the company earned Tk 219.48 crore as net profit with its earnings per share being Tk 20.28.