CVO Petrochemical posts 105% profit growth in Q1
The stock exchange disclosure stated that the increase in turnover and profit was driven by higher sales volume and lower raw material costs
CVO Petrochemical Refinery, a listed fuel and power sector company, has reported a 105% growth in profit in the first quarter (July–September) of the 2025–26 fiscal year, following a 63% profit increase in FY25.
The company posted a profit of Tk5.23 crore in Q1 FY26, up from Tk2.55 crore in the same period last year, according to its financial statements disclosed on the stock exchange's website today (5 November). Earnings per share (EPS) rose to Tk1.88 from Tk0.92.
Revenue during the quarter grew 49% year-on-year to Tk38.28 crore, compared to Tk25.68 crore in the previous fiscal year's first quarter.
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The stock exchange disclosure stated that the increase in turnover and profit was driven by higher sales volume and lower raw material costs.
The company reported that its net operating cash flows per share surged to Tk5.51, up from Tk0.48 in the same quarter of the previous fiscal year, mainly due to improved cash collections that outpaced payments to suppliers and operating expenses.
Despite the strong quarterly performance, its share price on Wednesday fell 2.43% to Tk180.70 each at the Dhaka Stock Exchange (DSE).
CVO Petrochemical reported a profit of Tk10.61 crore with an EPS of Tk3.82 in FY25, compared to Tk6.50 crore and an EPS of Tk2.34 in FY24, when it paid a 10% cash dividend.
Based on its FY25 earnings, the company has recommended a 20% dividend—11% cash and 9% stock—its highest payout since FY16, according to DSE data.
