Non-financial SoEs cut net loss to Tk 2,626.15cr in last fiscal
08 June 2014
UNB, Dhaka :
The non-financial State-owned-Enterprises (SoEs) of the country reduced net loss to Tk 2,626.15 crore in the last fiscal (2012-13) as against Tk 9,414.80 crore in the previous fiscal (2011-12).
The non-financial Public Enterprises, however, bounced back in both the current and outgoing fiscal year, posting a net profit of Tk 3,022.13 crore as per the amended data till April 22, 2014, according to the latest statistics from the monitoring cell of the Finance Division.
According to the Finance Division figures, Bangladesh Power Development Board (BPDB) incurred the highest amount of net loss of Tk 5026.11 crore in the last fiscal year (2012-13) followed by net loss of Tk 4832.36 crore by Bangladesh Petroleum Corporation (BPC); Tk 384.75 crore by Bangladesh Jute Mills Corporation (BJMC); Tk 310.64 crore by Bangladesh Sugar and Food Industries Corporation (BSFIC); Tk 54.28 crore by Bangladesh Road Transport Corporation (BRTC); and net loss of Tk 38.50 crore by Trading Corporation of Bangladesh (TCB).
The loss of the BPDB intensified further till April of the current fiscal year as it totaled Tk 7092.39 crore.
On the other hand, the net profit of Bangladesh Telecommunication Regulatory Commission (BTRC) jumped to Tk 9,398.36 crore till April of the current fiscal year, up from Tk 5,349.10 crore in fiscal 2012-13.
The other non-financial SoEs that posted significant net profit in the outgoing fiscal (FY 14) are Bangladesh Oil Gas & Mineral Resources Corporation (BOGMC) , up Tk 3,305.51 crore from Tk 882.39 crore in FY 13; net profit of Dhaka WASA rose to Tk 148.41 crore in the current fiscal from Tk 9.82 crore in the last fiscal; and the net profit of National Housing Authority rose to Tk 134.57 crore in the current fiscal from Tk 116.56 crore in the last fiscal.
The other SoEs that posted substantial net loss in the outgoing fiscal year are Rural Electrification Board (REB) - Tk 310.15 crore as against Tk 23.33 crore in FY 13; Bangladesh Petroleum Corporation (BPC) - Tk 2,489.86 crore, down from Tk 4,832.36 crore in FY 13. With a net loss of Tk 38.50 crore in the last fiscal year, the TCB managed to gain a profit of Tk 14.64 crore in the current fiscal year.
The existing 48 non-financial SoEs have been classified into seven sectors as per the Bangladesh Standard Industrial Classification (BSIC). These sectors are industry; power, gas and water; transport and communication; trade; agriculture; construction; and services.
The Finance Division data also showed that the total operating capital of all SoEs in the country rose to Tk 121,788.78 crore in fiscal 2012-13, which was Tk 39,547 crore in fiscal 2008-09 fiscal having an annual growth of 32.47 percent.
Besides, the SoEs deposited Tk 1040.22 crore to the state exchequer as dividend in fiscal 2012-13 as against Tk 459.66 crore in the fiscal 2011-12.
