United Power logs Tk 312 crore profit in Q3

Business Report :
United Power Generation & Distribution Company Ltd (UPGDCL), Bangladesh’s first commercially independent electricity producer, recorded a 25 percent year-on-year increase in profit in January-March of the current financial year.

The company’s profit rose to Tk 312.45 crore from Tk 248.1 crore in the third quarter of 2022-23. Therefore, consolidated earnings per share (EPS) climbed to Tk 5.39 from Tk 4.28, according to a filing on the Dhaka Stock Exchange.

However, the consolidated EPS dropped to Tk 13.22 for July-March of 2023-24 from Tk 14.13 in the identical nine-month period of FY23.