After reporting its highest-ever annual profit in FY25, United Power Generation and Distribution Company’s firstquarter profit plunged 30 percent yearon-year to Tk 2.92 billion in the three months to September, due to lower revenue and higher production costs.
the power generation company’s consolidated earnings per share (EPS) came down to Tk 4.94 in the JulySeptember quarter this year from Tk 7.13 in the same quarter of the previous year, according to its audited financial statements published recently.
the company said in its earnings note that last year it recognized additional revenue – called supplemental revenue – stemming from a bulk electricity tariff adjustment linked to earlier gas price hikes, but this revenue did not recur this quarter.
as a result, the consolidated and separate earnings per share for Q1 of FY26 reflect only normal operating revenue, leading to a comparative decrease in profit, said the company.