The New Nation - Internet Edition

Bangladesh Steel and Engineering corporation (BSEC) earned a profit of taka 29.72 crore during the financial year of 2006-07, says a press release.

Out of nine operating enterprises, seven are making profit while two are losing concern. Forty-nine percent shares of three units viz. Atlas Bangladesh Limited, National tubes Limited and Eastern Cables Limited had been off-loaded to public.

The above units produced goods worth taka 475.85 crore during the last fiscal and taka 397.63 crore during the FY 2005-06, the press release claims. Production target for the FY 2007-08 has been set at taka 561 crore.

In the field of development, Atlas Bangladesh Limited made a profit of taka 13.60 crore, National Tubes Limited (NTL) earned a profit of taka 4.16 crore during the last fiscal and Eastern Tube Limited taka 4.01 crore.

In shipbuilding, Chittagong Dry Dock profited taka 4.98 crore during the FY 2006-07 on completion of repairing of sea-vessels and Progoti Industries Limited did 11.17 crore. Progoti produces bus chassis, truck chassis, mini-bus chassis, jeep, ambulance, and bus and truck body.