Q3 earnings of Khulna Power Company rise by half

Khulna Power Company Limited’s third quarterly (January-March) earnings increased by 56.71 percent. 

In a filing with Dhaka Stock Exchange on Thursday, the company said that its earnings per share (EPS) was Tk 1.05 for January-March 2021 as against Tk 0.67 for the same period of the previous fiscal year. 

Meanwhile, the net asset value (NAV) per share was Tk 23.84 as of March 31, 2021, and Tk 23.83 as of March 31, 2020.

Khulna Power Company Ltd. (KPCL) is the first Independent Power Producer (IPP) in the country, established under the Private Sector Power Generation Policy of Bangladesh. 

KPCL was incorporated on October 15, 1997, as a private limited company. 

Moreover, on July 19, 2009, the company was converted into a public limited company. KPCL commenced its full commercial operation on October 13, 1998, and since then, it has been supplying uninterrupted reliable power to the national grid.

However, on Sunday, the company said that it will shut down its two plants that began operation 10 years ago as the power purchase agreement with the government is set to end by this month.

During Thursday’s session, the adjusted opening price of KPCL’s shares was Tk 40.6.