GPH Ispat, a major Bangladeshi steelmaker, achieved a profit of Tk 6.59 crore in the first quarter of the current financial year, recovering from a Tk 16.46 crore loss in the same period last year. The earnings per share (EPS) improved to Tk 0.14 from a loss per share of Tk 0.34, driven by an 82.57% reduction in exchange losses on foreign currency transactions. Revenue rose by 5% year-on-year to Tk 1,135.70 crore, reflecting positive business momentum, as per the company’s unaudited financial statements.
Despite the profitability turnaround, GPH Ispat’s net operating cash flow per share was Tk -1.82, indicating challenges in liquidity management. The decline in cash flow resulted from increased payments to suppliers and other expenses exceeding sales collections. As of November 20, the company’s shares fell by 0.83%, trading at Tk 24, signaling market concerns over cash flow issues despite revenue and profit growth.
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