Dhaka, Nov. 10 -- Power Grid has shown signs of recovery, with a year-on-year reduction in losses by as much as 54 per cent to Tk 2.10 billion in FY25, supported by higher revenue and favourable foreign exchange rates.

Consequently, the power transmission company cut its losses to Tk 2.30 per share in FY25, compared to a loss of Tk 6.69 (restated) per share in the previous year, according to price-sensitive information published on Sunday.

The board of directors, however, declared no dividend for the year as retained earnings remained negative.

Favourable foreign exchange rates, due to relative stability in the forex market over the previous year, helped the company narrow its losses, said Power Grid in its earnings note.

Foreign exch...