Power Grid has shown signs of recovery, with year-on-year losses falling by as much as 54 per cent to Tk 2.10 billion in FY25, supported by higher revenue and favorable foreign exchange rates. Consequently, the power transmission company cut its losses to Tk 2.30 per share in FY25, compared to a loss of Tk 6.69 (restated) per share in the previous year, according to price-sensitive information published recently.
the board of directors, however, declared no dividend for the year as retained earnings remained negative. Favorable foreign exchange rates, due to relative stability in the forex market over the previous year, helped the company narrow its losses, said Power Grid in its earnings note. Foreign exchange fluctuations had previously caused substantial losses for the company. Power Grid has a significant amount of foreign loans taken for various development projects, which must be repaid in US dollars.
the profit or loss has been calculated based on the exchange rates of the US dollar and the euro on the last day of the quarter or financial year.
although Power Grid’s term loans rose 10 per cent yearon-year to Tk 548 billion, its long-term interest-bearing debts fell by 50 per cent to Tk 3.48 billion in the nine months through March this year