BPC is not alone.
Twenty state-owned enterprises, out of a total of 52 covered in the review, saw a decrease in net profit in the last fiscal year. Four turned unprofitable.
The SoEs made a total profit of Tk 7,519.31 crore, which was Tk 10,677.23 crore in the FY19, down 29.57 per cent year-on-year. This is the lowest profit since the FY16.
Thirteen SoEs, including those in the power sector, made positive growth in their profit on the back of an increase in the price of electricity and related services.
According to BPC sources, the import and sales of petroleum products dropped in the FY20 compared to a year ago.