Doreen’s share price falls

Doreen Power Generations and Systems has witnessed a year-on-year drop in its profit in the first quarter of the current fiscal year, reasoning that its power plants had been shut down and costs had soared.

Private electricity producer Doreen Power Generations and Systems Ltd is set to restart its Narsingdi power plant, which suspended power output in December last year

Doreen Power Generations and Systems Ltd said it has closed its 22-megawatt plant as the government has yet to extend the contract on power purchase

Profits of Doreen Power Generations and Systems Ltd fell 61 percent year-on-year to Tk 64.8 crore in fiscal 2022-23, according to a disclosure on the Dhaka Stock Exchange (DSE) today.

Doreen Power Generations and Systems Ltd’s profit surged more than 42 per cent in the financial year that ended on June 30 this year.