The stock dividend of state-owned Eastern Lubricant Blenders Limited has actually been credited into the recipient owners’ (BO) accounts of the particular investors on 26 February 2023.
According to the Central Depository Bangladesh Limited, the investors are recommended to inspect the upgraded balance with their particular depository individuals (DP).
In the 2021-22, the business advised 40% money and a 10% stock dividend for its investors.
From October to December quarter 2022, the earnings of the business stood at Tk13.36 crore, which was Tk60 lakh in the very same duration of the previous year.
Consequently, its net earnings was Tk75 lakh and its incomes per share was Tk6.26.
In the 2021-22, its earnings decreased by 78% year-on-year owing to absolutely no import of base oil for lower need from its suppliers – Padma Oil, Meghna Petroleum, and Jamuna Oil.
Eastern Lubricant normally imports about 3,000 tonnes of base oil every year as needed from the 3 state-owned suppliers. However, it did not import oil in FY22 as the base oil rates were high in the international market.