Dhaka Electric Supply Company Ltd (Desco) reported a loss of Tk 505.7 crore for FY24, its second consecutive year in the red. The loss per share improved to Tk 12.7 from Tk 13.61 in FY23, thanks to higher distribution revenue and lower foreign exchange losses. Despite the slight recovery, no dividend was declared due to negative retained earnings. Desco, which supplies electricity to parts of Dhaka, had posted its first loss since FY02 in FY23 with Tk 541 crore.
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