Earnings of most power companies up in FY21

Most of the listed power generation companies have reported positive growth in their earnings in the last fiscal year compared to the previous year.

Out of the listed companies, eight witnessed some positive growth in their Earnings Per Share (EPS), according to reports filed by the companies with the Dhaka Stock Exchange (DSE).

The consolidated EPS of Summit Power, a subsidiary of Summit Group and the first Bangladeshi Independent Power Producer, stood at Tk 5.25 for the year ended on June 30, 2021, which was 5.17 in the same period a year earlier.

United Power Generation and Distribution Company Limited, a subsidiary of United Group, posted consolidated EPS at Tk 18.80, a jump of 83 per cent from Tk 10.24 during the period.

The company saw a major boost in its earnings due to acquiring 99 per cent shares of United Anwara Power Limited (UAnPL) and United Jamalpur Power Limited (UJPL) last year. UAnPL has a 300 MW and UJPL 115 MW power plants.

Newly listed company Baraka Patenga Power’s consolidated EPS has increased 48.15 per cent on higher-income of its own business and its subsidiaries during the period.

The power generator company reported consolidated EPS of Tk 6.47, which was Tk 4.37 during the period.

Another power company of the group, Baraka Power’s consolidated EPS stood at Tk 2.96, an increase of almost 23 per cent from Tk 2.41 during the period.

Shahjibazar Power’s consolidated EPS was Tk 6.53, which was Tk 4.387 during the period.

GBB Power reported EPS of Tk1.50 for the year ended on June 30, 2021 as against Tk1.14 for the same period of the previous year.

Doreen Power’s EPS rose 46 per cent to Tk 8.09 from Tk 5.53 during the period.

However, the EPS of Khulna Power Company Limited registered negative growth. Its consolidated EPS was Tk 0.87 in negative from Tk 3.40 during the period.

The demand for power will increase in days to come, bringing a bright prospect to the power sector, said an analyst.

The government is relying more on private sector companies for power generation, he said.

He further added that profits of these private companies either increase or remain unchanged, but never decrease.