Bangladesh, Oct. 14 -- Dhaka Electric Supply Company (DESCO) achieved a significant financial turnaround in FY26, returning to profit after experiencing substantial losses over the previous three financial years.

It reported a profit of Tk 401.54 million in FY26, as opposed to a loss of Tk 1.25 billion in FY25, backed by a reduction in system loss and an increase in income from fixed deposit receipts (FDRs). Also, foreign exchange losses fell significantly in FY26 compared to the previous year, driving up earnings.

According to company officials, DESCO's system losses were cut to 5.47 per cent in FY26 from 5.5 per cent in the previous year. The installation of prepaid meters helped reduce losses by 0.03 percentage points.

"After years...