Jamuna Oil Company's profit rose in the third quarter of fiscal year (FY) 2024-25 due to higher sales and interest income from deposits. 

The state-owned oil company reported a 56 percent year-on-year rise in profit to Tk 140.58 crore in the third quarter of FY25.

Shares of Jamuna Oil declined 1.66 percent to close trading at Tk 171.5 on the Dhaka Stock Exchange (DSE).  

The company's earnings per share (EPS) stood at Tk 12.73 for January-March 2025, up from Tk 8.14 in the same quarter a year earlier, according to a price-sensitive disclosure (PSI).

For the July 2024-March 2025 period, its EPS rose to Tk 36.65 from Tk 26.60 a year ago.

The company attributed the EPS growth to higher net earnings from petroleum product sales and increased interest income on bank deposits. 

The net operating cash flow per share (NOCFPS) surged to Tk 88.26 during the first nine months of FY25 from Tk 16.66 in the corresponding period of the previous fiscal year.

The improvement in NOCFPS was driven by a decrease in inventories and an increase in creditors and accruals, said the company in the PSI. 

As of March 31, 2025, sponsors and directors held 2.90 percent of company shares, the government owned 60.08 percent, while institutional investors owned 27.88 percent, foreign 0.22 percent and the public 8.92 percent, according to DSE data.

In 1964, Pakistan National Oil Ltd was established. After the independence in 1971, it was renamed Jamuna Oil Company Ltd. It became a fully government-owned entity in 1975 and a Bangladesh Petroleum Corporation (BPC) subsidiary in 1976, as per its website.