17th February 2021
EP
Most fuel and power stocks registered lower profitability in the first half of the current financial year (FY) due to the pandemic-induced economic slowdown.
Firms expect that it will take at least six more months for fuel and power consumption to fully recover from the Covid-19 fallout, enabling them to post higher earnings for their investors.
Among the eight fuel and power companies listed with the Dhaka Stock Exchange (DSE), three recorded lower profits in the first half of FY20-21 compared to the same period a year ago.
Another company saw higher losses while the remaining four booked higher profits.
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