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BSC earns Tk.72.2cr net profit in fiscal year 2020-21

19 January 2022
BSC earns Tk.72.2cr net profit in fiscal year 2020-21

Chattogram Bureau :

Commodore Sumon Mahmud Sabbir, managing director of Bangladesh Shipping Corporation (BSC), said that the company has made a net profit of Tk 72.2 crore in the financial year 2020-21. He made the remarks while exchanging views with reporters at BSC building on Tuesday .
The meeting was organized on the occasion of the 44th Annual General Meeting of BSC to be held online on 26 January. BSC Executive Director (Commerce) was present at the meeting. Piyush Dutt, Executive Director (Technology) Mohammad Yusuf, Secretary Muhammad Ashraf Hossain, General Manager (Administration). Ashraful Amin, General Manager (Workshop) said. Ahsan ul Karim, Deputy General Manager. Azamgir, Captain Jamal Hossain Talukder, General Manager. Ziaur Rahman Chowdhury, Captain Amir. Abu Sufian, Moin Uddin Ahmed Majumder, Captain. Mujibur Rahman and others.
 Commodore Sumon Mahmud Sabbir said the total income of BSc in the fiscal year 2020-21 is Tk 322.96 crore. Of this, operating income is Tk 264.26 crore, while income in other sectors is Tk 48.60 crore. Operating expenses 160 crore 22 lakhs, administrative and financial expenditure 6 crore 5 lakhs. The total expenditure is 226 crore 26 lakh rupees.
Net profit is Tk 82.02 crore, which is Tk 30.55 crore more than the previous year. The previous year's net profit after tax adjustment was 41 crore 46 lakh rupees. This time it has been recommended to pay 12 percent cash dividend from the net profit of the shareholders.
He said BSc has to turn around from the current situation. We are now firmly convinced in this regard. We have started the process of turning around with the active support and guidance of the government. Now it's time to move on.
Our main objective is to procure the required number of ships on time and to ensure their smooth operation. He said that considering the current demand of the country, this important national institution like BSC should have 40-50 ships of different types and sizes. However, with the able direction and active cooperation of the present government, this organization is moving forward.
In the meantime, various development plans, including the creation of a mixed merchant ship fleet, have been undertaken to build a world-class self-sufficient international shipping company in line with the government's development partner and implementation of Blue-Economy, Vision-2041. Three coal based power generation projects are being implemented at Rampal, Payra and Matarbari.
 The coal required for the projects will be imported from abroad. In the interest of energy security of the country, B.Sc.
The refinery's crude oil refining capacity will double in the future. All crude oil BSCs have undertaken a project to procure two new mother tankers with a capacity of 1 lakh to 1.5 lakh tonnes for transportation by their own vessels.
Bangladesh Petroleum Corporation (BPC) imports 3 million metric tons of diesel oil and 350,000 tons of jet fuel every year, which is transported by foreign ships. Following the completion of two single point mooring (SPM) with double pipeline projects under implementation by Eastern Refinery, a project has been taken up to procure two 60,000 tonne capacity mother product oil tankers for transporting imported diesel and jet fuel. If the project is implemented, it will be possible to save huge amount of foreign currency.

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