STAR BUSINESS REPORT

Profit of Doreen Power Generations and Systems declined in the second quarter of the ongoing fiscal year due to higher finance costs.

The power producer’s profit fell 48 percent year-on-year to Tk 9.68 crore in the October-December quarter of FY25.

The company’s consolidated earnings per share (EPS) stood at Tk 0.53 for October-December 2024, down from Tk 1.03 in the same period a year ago, according to its financial statements.

Doreen Power attributed the decline to a significant rise in finance costs for its subsidiary companies due to higher interest rates on bank loans. The company also cited increased exchange losses stemming from the depreciation of the taka against the US dollar.

For July-December 2024, the company’s consolidated EPS dropped to Tk 2.01 from Tk 2.83 a year earlier.

Its consolidated net operating cash flow per share (NOCFPS) improved to Tk 0.42 from negative Tk 1.55.

The company attributed the NOCFPS growth to higher revenue receipts from the Bangladesh Power Development Board.