Dhaka, Dec. 23 -- Bangladesh Shipping Corporation (BSC) reported a record net profit of BDT 306 crore for the 2024-25 fiscal year, the highest in its 54-year history.

The state-owned shipping company also recommended a 25 percent cash dividend for its shareholders, maintaining the same rate as the previous year. Shipping Adviser Brig Gen (retd) M Sakhawat Hussain made the announcement on December 22 at the corporation's 48th annual general meeting in Chattogram.

"In the fiscal year 2024-25, BSC's total income stood at around BDT 798 crore, while total expenditure amounted to BDT 416 crore," he said.

He added that the corporation would use the surplus funds to purchase another vessel. BSC purchased two bulk carriers this year at a cost ...