The New Nation - Internet Edition

NATION BUSINESS REPORT

The 19th Annual General Meeting of Bangladesh Petroleum Exploration and Production Company Ltd (BAPEX) was held on November 10 last at Hotel Sheraton, Dhaka.

The shareholders of the company and the members of the Board of Directors attended the meeting, presided over by Mr Mohammad Mohsin, Chairman (FY-2007-2008) of BAPEX board.

The audited accounts and audit report for fiscal year 2007-2008 of BAPEX was approved in the 19th Annual General Meeting.

During the financial year BAPEX earned about Tk 250 million as net-profit-before tax and Tk156 million as net-profit-after tax. The shareholder and directors in their deliberation focused on the important role of the company in view of the growing demand for gas in the country.

The meeting stressed the need for strengthening BAPEX and accordingly future program for overall development of BAPEX has been taken up.