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NESCO posts Tk 6.51cr net profit in FY20


Published : 19 Dec 2020 09:58 PM | Updated : 20 Dec 2020 04:45 AM

Northern Electricity Supply Company Limited (NESCO) earned a profit of Tk 6.51 crore in 2019-20 fiscal.

The figure of profit was disclosed in the 15th Annual General Meeting of NESCO organised virtually on Saturday. 

The meeting further disclosed that NESCO will provide 100% cash dividend to BPDB against its (BPDB's 9991 shares). NESCO directors informed in the meeting that NESCO has focused more on achieving customer satisfaction and customer care rather than earning the profit and was working to ensure 100 per supply of electricity to the residents.   

Presided over by AKM Humayun Kabir, Additional Secretary and Chairman of NESCO, the meeting was attended, among others, by Belayet Hossain, Chairman of BPDB and Habibur Rahman, Secretary of the Ministry of Electricity, Fuel and Mineral Resources while Zakiul Islam, Managing Director of NESCO delivered the welcome speech at the meeting.