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The Peninsula Chittagong posted a profit of Tk 6.27 million in the second quarter (October-December) of FY26, rebounding from losses in the same quarter a year earlier, mainly due to reduced salary and tax expenses.
The listed hotel recorded less than 3 per cent growth in sales to Tk 111.45 million in the quarter compared to the same period a year earlier, but managed to recover from a loss of Tk 9.27 million in the corresponding quarter of the previous year.
The Peninsula Chittagong is located at the GEC Circle of the port city.
Listed in 2014, the hotel reported profits until FY22. It posted losses for two consecutive years through FY24 before returning to marginal profitability in FY25.
The hotel's recovery appears to have been driven largely by a sharp reduction in administrative expenses rather than revenue growth. It also reported slightly lower finance expenses in the second quarter of FY26 compared to the same period of the previous year.
According to the company's financial statements, administrative expenses fell by nearly Tk 8 million in the quarter compared to a year earlier, largely due to reductions in salaries and staff income tax.Personal finance advice
Tax payments almost halved to Tk 1.85 million in the quarter from the corresponding period of the previous year.
According to the company, sales increased particularly in the latter part of the half-year, driven by higher occupancy rates and improved performance in the food and beverage segments.
Besides earnings growth, the company also showed improvement in cash flow.
Net operating cash flow per share (NOCFPS) stood at Tk 1.39 for July-December 2025, compared to Tk 0.12 in the same period of the previous year.
According to the company, "The primary driver was the significant increase in revenue, which translated directly into cash. Total receipts from customers rose to Tk 218.35 million from Tk 153.96 million. In the previous year, cash was tied up in trade receivables. As a result, net operating cash flow per share (NOCFPS) increased significantly."
Meanwhile, the company's share price declined 4.27 per cent to Tk 19.40 per share on Monday on the Dhaka Stock Exchange (DSE).
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