Titas Gas Transmission and Distribution Company suffered a Tk 523 crore loss in Q2 of FY25, mainly due to high system losses of 10.63%, far exceeding the 2% allowable limit. The company’s loss per share (LPS) was Tk 5.28, compared to an EPS of Tk 0.40 in the same quarter last year. For H1 FY25, the LPS stood at Tk 7.19, a sharp decline from EPS of Tk 0.47 a year earlier. The removal of a key tax exemption also worsened the financial hit, forcing Titas to recognize Tk 711.43 crore in net losses for the first six months. Titas shares dropped 3.52% to Tk 19.20 on the DSE following the announcement. Despite these losses, net operating cash flow per share improved to Tk 5.53 in H1 FY25, up from Tk 0.60 last year, signaling better cash flow management amid financial struggles.
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