Desco incurs Tk270 crore loss in Jul-Mar
The Dhaka Electric Supply Company (Desco) incurred a loss of Tk270.81 crore in the first nine months during the July-March period of the 2023-24 fiscal year.
The state-owned power supplier incurred the loss due to an increase in operating expenses, foreign exchange loss, and debt interest, it said in a press statement published on its website.
At the same time of the previous fiscal year, its net loss was Tk136.76 crore, read the statements.
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However, its net turnover during the period increased by 25% to Tk4,644.14 crore.
Meanwhile, in the third quarter during the January to March of 2024, it incurred a loss of TK75.38 crore. At the same time of the previous year, its net loss was Tk144.95 crore.
Today, Desco's shares price declined by 1.23% to Tk24 each at the Dhaka Stock Exchange (DSE).
