Eastern Cables Limited, a state-owned company in the engineering sector, is still experiencing a business slowdown. The corporation failed to produce a profit in the first half (July–December) of the 2025–26 fiscal year, despite a small rise in product sales over the same time in the prior year.

The company’s unaudited second-quarter (October–December) financial report, which was released on Sunday, January 25, via the Dhaka Stock Exchange (DSE), disclosed this loss situation.

According to the report, Eastern Cables recorded total product sales of Tk 151.6 million during the first six months of the current fiscal year, up from Tk 146.4 million in the same period last year. Despite the increase in sales, the company incurred a net loss after tax of Tk 51.8 million during this period. However, the loss is slightly lower than the Tk 56.5 million loss reported in the corresponding period last year.

During the period under review, the company’s loss per share stood at Tk 1.96, compared to Tk 2.14 in the previous year. In addition, as of 31 December 2025, the company’s net asset value per share (NAVPS) was Tk 337.36.

It is worth noting that the company did not declare any dividend for investors in the most recently concluded 2024–25 fiscal year, during which the loss per share was Tk 4.43.

Looking further back, the company had declared a 2 percent cash dividend for investors in the 2023–24 fiscal year. Listed on the stock market in 1986, Eastern Cables Limited has a paid-up capital of Tk 264 million, while its reserves amount to a substantial Tk 8,694.1 million. Currently, 58.08 percent of the company’s shares are held by the government, with the remaining shares owned by institutional and general investors.