Dhaka, Dec. 3 -- GPH Ispat reported a loss of Tk 246.78 million in FY25, the first since its listing, as demand for its products declined and production and finance costs increased.

According to a filing on Tuesday, the company's earnings per share fell to negative Tk 0.51 per share from a profit of Tk 1.77 per share in the previous year. In FY24, their profit was Tk 856.47 million.

One of the major reasons, according to the company's owner, is declining demand for steel.

The managing director of GPH Ispat, Mr Mohammed Jahangir Alam, told The FE that after the regime change in 2024, both private and public expansion projects were halted. "Many contractors on public projects left the worksites. The government went for retendering to res...