Dhaka, April 30 -- Power Grid reported a profit of Tk 0.94 billion in the third quarter ending March this year, marking a turnaround from a loss of Tk 1.86 billion in the same quarter last year, mainly supported by non-operating income.

The recovery is even more pronounced over the nine months through March this year compared to the corresponding period a year earlier. The power transmission company posted a profit of Tk 5.7 billion in the nine-month period, as opposed to a loss of Tk 0.31 billion in the same period of the previous fiscal year.

"We had foreign exchange gain in this quarter [Q3], which came as a reduction in cost. Besides that, there is an increase in other income and finance income. These are actually not operating prof...