Shipping Corporation’s profit grows over 12% in Q2

Bangladesh Shipping Corporation (BSC) reported a 12.42 per cent year-on-year profit growth to Tk 67.57 crore in the second quarter of the current financial year.

The state-run ship operator clocked a profit of Tk 60.10 crore in the same October-December quarter of 2021-22.

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Thus, the BSC reported earnings per share of Tk 4.43 in the October-December quarter of 2022-23, against Tk 3.94 in the identical three-month period of 2021-22.

The corporation posted a profit of Tk 128.28 crore in the first half of FY23, up 1.6 per cent from Tk 126.30 crore a year earlier.

The company's net operating cash flow per share was Tk 12.72 in July-December of FY23 against Tk 11.57 in the six months to December of the previous financial year.

The corporation's net asset value per share improved to Tk 79.97 on December 31 from Tk 72.52 on June 30.

Shares of BSC were down 5.59 per cent to Tk 125 on the Dhaka Stock Exchange yesterday.