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The Financial Express

Biman logs Tk 1.51b profit in FY17

| Updated: December 22, 2017 12:11:17


Biman logs Tk 1.51b profit in FY17

Biman Bangladesh Airlines, the national flag carrier, made profits in the third consecutive fiscal as it registered a gross profit of Taka 1.51 billion in fiscal 2016-17.

After clearing default tax, the net profit stood at Taka 470 million, said a Biman press release today.

According to Biman, the state-run carrier earned a profit of Taka 2.76 billion in fiscal 2015-16 (FY16) and Taka 3.24 billion in fiscal 2014-15.

The Board of Directors of Biman Bangladesh Airlines approved the Biman's financial statement for FY17 in its 10th Annual General Meeting with its chairman Air Marshal Muhammad Enamul Bari (retd.) in the chair, reports BSS.

Besides, earning profits for FY17, Biman contributed Taka 3.81 billion tax to the national exchequer.

During the FY16, Biman ferried a total of 2350,000 passengers which was 2318,000 in FY16.

Besides, Biman shipped 33, 542 tonnes of cargo in FY17 whereas it carried 40,931 tonnes of cargo in FY16. Shipment of cargo witnessed an 18 per cent fall in FY17 due mainly to the temporary ban on direct freight to London.

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