5th December 2024
EP
United Power Generation & Distribution Company Ltd (UPGDCL) posted a massive rise in profit in the first quarter, driven by higher tariffs and stable forex rates.
Its quarterly profit surged a robust 127 percent year-on-year to Tk 418.87 crore, for the July-September quarter of 2024.
This growth is attributed to increased bulk electricity tariffs and stable foreign exchange rates, said the company in its unaudited financial statements.
The company's earnings per share for the quarter rose significantly to Tk 7.13, from Tk 3.12 in the same period last year, according to a disclosure on the website of the DSE.
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