Meghna Petroleum Limited is a Bangladeshi company that has been in operation since 2001. It's a significant player in the country's oil and gas sector.
Meghna Petroleum Limited has a strong presence in the market, with a network of petrol pumps and service stations across Bangladesh. The company has a diverse product portfolio, including petrol, diesel, and other petroleum products.
Meghna Petroleum Limited has a significant investment in its infrastructure, with a storage capacity of over 1.5 million liters. This allows the company to efficiently supply petroleum products to its customers.
Meghna Petroleum Limited has a strong focus on customer service, with a dedicated team working to ensure that customers receive the best possible experience.
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Management and Leadership
Meghna Petroleum Limited has a strong leadership team in place, with Mohammed Abu Saleh Iqbal serving as the Chief Executive Officer. The company's executive committee is headed by Mohammed Abu Saleh Iqbal, who has been in this position since.
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The executive committee also includes other key members such as Kazi Manowar Dilder, Mohammed Mafizur Rahman, and Probir Hira, who hold positions like Director of Finance/CFO, Chief Operating Officer, and Chief Administrative Officer respectively.
Mohammad Mahbub Hossain is the Chairman of the Board of Directors, and he is 61 years old. The Board of Directors consists of 11 members, including Mohammad Asmaul Hossain, Mohammad Khalilur Rahman, and Kazi Shahjahan.
Here is a list of the members of the Board of Directors:
Business Operations
Meghna Petroleum Limited has seen significant growth in its sales over the years. By 2024, the company's sales of petroleum products reached 2.32 billion.
The company's sales of petroleum products have been steadily increasing since 2020. In 2020, the sales were not available, but by 2024, the sales had reached 2.32 billion.
Meghna Petroleum Limited's sales of lubricating oil and grease have also seen a substantial increase. By 2024, the sales of lubricating oil and grease had reached 849 million.
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The company's sales of petroleum oil and lubricating products have fluctuated over the years. In 2021, the sales reached 2.33 billion, but in 2022, the sales were 1, indicating a significant drop.
Here is a breakdown of Meghna Petroleum Limited's sales by product and year:
Financial Information
Meghna Petroleum Limited's financial information is publicly available, and we can find some key details in their income statement and estimates.
The company's stock is listed on the Stock Market under the equities category, and its stock symbol is MPETROLEUM.
Meghna Petroleum Limited is a company based in APAC, and its financial information can be accessed through various sources.
Here are some key points from their income statement and estimates:
Why Invest?
Investing in Meghna Petroleum Limited can be a smart move for income-focused investors.
MPETROLEUM's history of steady dividend payouts makes it an attractive option for those seeking regular income.
As a leader in the energy sector, MPETROLEUM's stock often ranks among the best for DSE investors.
Its sector leadership is a testament to its strong performance and potential for growth.
To get a better understanding of MPETROLEUM's technical and fundamental strength, you can visit our technical analysis chart page.
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Income Statement
Understanding the Income Statement is crucial for anyone interested in financial information. The Income Statement provides a snapshot of a company's financial performance over a specific period of time.
Meghna Petroleum Limited's Income Statement reveals that the company operates within the Stock Market and Equities sectors. This information is essential for investors and analysts looking to assess the company's financial health.
The company's stock, MPETROLEUM, is listed on the Stock Market. This is a key piece of information for anyone considering investing in the company.
APAC is a significant region for Meghna Petroleum Limited, as it is the location where the company operates. This information is important for understanding the company's market presence and potential for growth.
Here is a breakdown of the key components of an Income Statement:
- Revenue: This is the total amount of money earned by the company from its sales and services.
- Cost of Goods Sold: This is the direct cost associated with producing and selling the company's products or services.
- Gross Profit: This is the difference between revenue and the cost of goods sold.
- Operating Expenses: This includes all the expenses incurred by the company in its day-to-day operations, such as salaries, rent, and utilities.
- Net Income: This is the final profit earned by the company after deducting all the expenses from the revenue.
Limited
Meghna Petroleum Limited has a significant financial presence in Bangladesh. It's a state-owned corporation owned by the Bangladesh Petroleum Corporation.
In December 2020, Meghna Petroleum Limited declared a 150 percent cash dividend, which is a notable achievement. This move demonstrates the company's financial stability.
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The company had a surplus of 13.45 billion taka in funds at that time. This substantial amount of money can be used for various purposes, such as investing in new projects or paying off debts.
Meghna Petroleum Limited was recognized as a top tax payer by the National Board of Revenue in February 2021. This recognition highlights the company's commitment to contributing to the country's revenue.
In November 2021, Meghna Petroleum Limited sought money to construct a 19-storey liaison building at Chittagong. The Energy and Mineral Resources Division increased the price of fuel in Bangladesh to pay for this and other projects.
Here is a list of some of the company's notable financial achievements:
- Declared a 150 percent cash dividend in December 2020
- Had a surplus of 13.45 billion taka in funds
- Recognized as a top tax payer by the National Board of Revenue in February 2021
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