Jamuna Oil Company's profit grew in the second quarter of 2024-25 fiscal year driven by higher interest income.  

The company reported a profit of Tk 140 crore in the October-December quarter, marking a 17 percent year-on-year growth.  

Its earnings per share (EPS) rose to Tk 12.68 in the quarter from Tk 10.86 a year ago, according to a recent disclosure on the Dhaka Stock Exchange website (DSE) website.

Shares of the company went up 0.06 percent to Tk 176.80 in mid-day trading today at the DSE. 

Jamuna Oil said the EPS increase was driven by higher interest income on bank deposits.    

For July-December period of 2024, its EPS stood at Tk 23.92, up from Tk 18.46 in the same period last year.  

The company's net operating cash flow per share (NOCFPS) surged to Tk 74.13 from Tk 8.41 in the same period the previous year.  

Jamuna Oil attributed increased credit and accruals during the period to the NOCFPS growth. 

Pakistan National Oil Limited (PNOL) was established in 1964 and post-independence in 1971.

It was renamed Jamuna Oil Company Ltd (JOCL) and it became a fully government-owned entity in 1975 and a Bangladesh Petroleum Corporation (BPC) subsidiary in 1976. 

At present, BPC and general investors hold 60.08 percent and 39.92 percent of its shares, respectively.