Doreen Power Generations and Systems returned to profit in the third quarter of the 2024–25 fiscal year, thanks to a rise in revenue from its power plants.

The power producer posted a profit of Tk 18.83 crore during the period.

The company's consolidated earnings per share (EPS) stood at Tk 1.04 for the January–March 2025 quarter, compared to a loss per share of Tk 0.60 in the same period a year earlier, according to a disclosure on the Dhaka Stock Exchange website.

The company attributed the turnaround to a significant rise in sales revenue from its three heavy fuel oil-based power plants, driven by increased demand for electricity.

In the nine months to March 2025, its consolidated EPS rose to Tk 3.05, up from Tk 2.23 a year ago.

Consolidated net operating cash flow per share stood at Tk 11.28, down from Tk 24.97 a year earlier.

The company said the figure was buoyed by the receipt of a large backlog of receivables during the period.

Doreen Power's sponsor-directors held 66.61 percent of shares as of 31 March 2025, while institutional and public investors held 18.05 percent and 15.34 percent respectively, as per DSE data.