The New Nation - Internet Edition

Our Correspondent

CHITTAGONG, April 28: Jamuna Oil Company Ltd (JOCL) in its 32nd annual general meeting (AGM) declared 15 per cent dividend for its shareholders for the 2006-2007 fiscal.

JOCL was transformed into a public limited company from its previous status of private limited company and the first AGM of the company was held Saturday at a community centre in the city.

JOCL board Chairman and Additional Secretary to the Ministry of Power and Energy Md. Wahidunnabi Chowdhury presided over the meeting. While reading the annual report of the company JOCL chairman told the audience that the company earned net profit worth over Taka 32.6 million during the said fiscal, which was 104 per cent more than that of the preceding year.

He said, Jamuna undertook an initiative of installing LPG plant in Guptakhal area of Chittagong but due to lack of facilities, the move was cancelled. However, a new petroleum motor gasoline production plant will be set up, JOCL chairman added.

The AGM was attended by the members of the board of directors of the company, high officials and a large number of shareholders.