MJL Bangladesh recommends 52% dividend

MJL Bangladesh PLC has recommended a 52 percent cash dividend for the year ended June 30, 2025, unchanged from last year, even as profit rose.

According to a price-sensitive disclosure, the lubricant and energy company reported consolidated earnings per share of Tk 11.36, up from Tk 8.71 a year earlier.

Its consolidated net operating cash flow per share fell compared to the previous year.

As of September 30, 2025, sponsor-directors held 71.52 percent of shares, institutions 20.99 percent, foreign investors 0.99 percent and the public 6.50 percent, according to Dhaka Stock Exchange data.

MJL Bangladesh, a joint venture between East Coast Group and state-owned Jamuna Oil, blends and markets ExxonMobil lubricants locally. Established in 1998, it operates the country's first lube oil blending plant and has expanded into LPG through Omera subsidiaries