Titas Gas suffers 50% profit fall in July-September 

Titas Gas Transmission & Distribution Company Ltd made a profit of Tk 32.64 crore in the July-September quarter of the 2022-23 financial year, down nearly 50 per cent year-on-year. 
 
The state-run gas supplier clocked a profit of Tk 64.30 crore in the same quarter of 2021-22.  

Thus, it reported earnings per share of Tk 0.33 for July-September against Tk 0.65 during the same quarter a year earlier. 

"The EPS decreased as the Bangladesh Energy Regulatory Commission re-fixed the distribution margin and the contribution of the company to the pension fund has increased," said Titas Gas in a filing on the Dhaka Stock Exchange today. 

The net operating cash flow per share surged to Tk 1.50 for July-September compared to Tk 0.59 in negative in the first quarter of 2021-22 on the back of higher collection against gas sales.

The net asset value per share was Tk 74.49 on September 30 and Tk 74.16 on June 30.