Power Grid Company makes Tk 122.59 crore profit in 2021-22
Power Grid Company of Bangladesh Ltd's profit plunged 61.77 per cent year-on-year to Tk 122.59 crore in the financial year that ended on June 30.
The state-run electricity transmission and distribution service provider made a profit of Tk 320.73 crore in 2020-21.
The company reported earnings per share of Tk 1.72 in the last financial year, down from Tk 4.50 in 2020-21.
The board of directors has recommended a 10 per cent cash dividend for general shareholders for 2021-22.
Power Grid Company also published its unaudited financial statements for the first quarter of 2022-23.
It posted a profit of Tk 104.06 crore in the July-September quarter, which was Tk 129.72 crore during the identical period a year earlier.
Thus, it reported an EPS of Tk 1.46 for the quarter. It was Tk 1.82 a year ago.
The EPS decreased due to an increase in expenses, said Power Grid Company in a filing on the Dhaka Stock Exchange today.
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