Dhaka Electric Supply Company’s (DESCO) earnings decreased about 48 per cent in the third quarter of the current fiscal year because of an increase in energy cost and expenses.
An indicator which serves as the company’s profitability, earnings per share (EPS), for the state-run utility company was Tk 0.12 in the January-March quarter.
The company stated in a Dhaka Stock Exchange website post on May 19, the EPS was Tk 0.23 in the same period in the previous year.
Tk 0.43 was the value of the EPS in the first 9 months of the FY21, down 68.61 per cent year-on-year from Tk 1.37.
The plummeting of the EPS was because of the increase in energy purchase and a spike in operating, administrative and employee expenses, stated DESCO, which serves more than 10.53 lakh customers in Gulshan, Mirpur and Uttara areas.
The net operating cash flow per share (NOCFPS) increased to Tk 10.84 in the 9 month period from Tk 8.66 during the same period in the previous year.
The company credited the rise in sales revenue and receipts from other operating and non-operating activities for the higher NOCFPS.
Its net asset value per share stood at Tk 46.42 as on March 31, 2021 against Tk 46.76 as on June 30, 2020.
Desco shares ended 1.72 per cent lower at Tk 34.30 at the DSE on May 18.