Biman Bangladesh Airlines, the country's flag carrier, is on track to log in profits this fiscal year, putting an end to its five-year loss-making streak.

The airline is likely to register Tk 245 crore in profits, according to a draft economic review.

When asked, Kyle Heywood, managing director of Biman, said: “The projected profit amount till June this year is something near the amount. The exact amount of profit though will be known after the final audit.”

The reasons for the profit include more flights on profit-making routes, a decrease in fuel costs and operation of last year's hajj flights using Biman's own aircraft, he added.

The replacement of aged DC-10 planes with new fuel-efficient Boeing 777-300 Extended Range aircraft also helped along with the discontinuation of many of the loss-making routes, said another Biman official.

The flag carrier has been counting losses since fiscal 2009-10 and last year made a loss of Tk 199 crore.

Meanwhile, of the 47 state-owned enterprises (SOEs), 37 are on track to log in profits, of Tk 13,186 crore altogether.

The ten SOEs have made losses of Tk 10,172 crore in fiscal 2014-15.

Last fiscal year, 38 SOEs collectively raked in profits of Tk 13,216 crore and nine counted losses of Tk 10,379 crore. 

Among the SOEs, Power Development Board, which is in the red every year, saw its losses swell. In fiscal 2014-15, its losses ballooned 28 percent year-on-year to Tk 8,719 crore.

Bangladesh Telecommunication Regulatory Commission, which usually brings in the most incomes for the state, saw its profits slide by around 31 percent year-on-year to Tk 6,902 crore this fiscal year.

After five years of profit-making, Bangladesh Shipping Corporation is likely to count losses of Tk 22 crore.

Conversely, Bangladesh Petroleum Corporation bucked its five-year losing streak this fiscal year, making a tidy profit of Tk 3,454 crore on the back of the sliding global oil prices since last year.

Trading Corporation of Bangladesh, which suffered losses in the last two years, will make a profit of about Tk 14 crore.

Rajshahi Development Authority will make a profit of around Tk 17 crore, a strong turn in fortunes from fiscal 2013-14, when it suffered a loss of Tk 37 crore.