Titas Gas posts lower profit in FY22

Titas Gas Transmission & Distribution Company Limited's profit declined in the financial year that ended on June 30.

The state-run utility supplier made a profit of Tk 317 crore in 2021-22, down 8.30 per cent from Tk 346 crore a year earlier.

The company reported earnings per share of Tk 3.21 against Tk 3.50.

The net asset value per share rose to Tk 74.16 from Tk 72.57 a year earlier while the net operating cash flow per share returned to the positive Tk 0.30 in FY22 from a negative Tk 1.11 in FY21.

The board of directors recommended a 10 per cent cash dividend for 2021-22, according to a filing on the Dhaka Stock Exchange (DSE) today.