GPH Ispat, one of the leading steelmakers in the country, incurred losses in the July-March period of the current financial year 2024-25 due to higher production and finance costs.

The company reported a loss per share of Tk 0.02 in the January-March quarter, compared to an earnings per share of Tk 1.01 in the same period a year earlier, according to a disclosure on the Dhaka Stock Exchange today.

As a result of the third-quarter losses, GPH Ispat's overall earnings dropped 53 percent year-on-year to Tk 0.63 per share during the July-March period of the ongoing fiscal year, which ends in June.

The company attributed the decline in earnings to a rise in production and finance costs compared to the same period of the previous year.

Its net operating cash flow per share fell to Tk 6.70 in July-March 2025, down from Tk 8.07 a year ago, due to higher payments to suppliers and others during the period.

Shares of GPH Ispat declined 2.97 percent to Tk 19.60 as of 1:40pm on the DSE.