Bangladesh Shipping Corporation (BSC) saw its profit rise in the second quarter of the 2024–25 fiscal year as factors such as seaport expansions and private sector participation boosted its earnings.

The state-owned company reported a profit of Tk 53.69 crore in the October–December quarter, marking a 7 percent year-on-year increase.

The company's share price rose 0.68 percent to Tk 88.6 in mid-day trading yesterday at the Dhaka Stock Exchange (DSE).

Its earnings per share (EPS) stood at Tk 3.52 for October–December 2024, up from Tk 3.29 in the same period a year ago, according to a disclosure on the DSE website.

For the first half of the fiscal year, the company's EPS rose to Tk 9.35, compared to Tk 6.59 in the corresponding period of FY24.

The company attributed the increase in earnings to initiatives taken by the shipping ministry to facilitate international passenger ship operations.

Policy guidance, supervision, and feasibility studies for an international cruise terminal are among the measures aimed at expanding the sector.

BSC also highlighted the expansion of seaports and technological advancements, including private sector participation, as key drivers of revenue growth in international shipping.

Its net operating cash flow per share stood at Tk 20.1 for July–December 2024, up from Tk 15.84 a year earlier.

Established in 1972, BSC plays a key role in Bangladesh's shipping industry, supporting the country's trade through its fleet of vessels.