InterContinental Dhaka Narrows Quarterly Loss
The InterContinental Dhaka has reported a smaller loss in the second quarter of the current financial year, showing a modest improvement despite continued financial pressure
ATT Correspondent 
Bangladesh Services Limited (BSL), the owner of InterContinental Dhaka, reported a smaller loss in the second quarter of the current financial year, showing a modest improvement despite continued financial pressure.
In the October–December quarter of FY26, the state-run hospitality company posted a loss of Tk12.61 crore, down from Tk18 crore in the same period a year earlier. Loss per share fell to Tk1.29 from Tk1.85 year-on-year.
In the first half of the financial year (July–December 2025–26), BSL recorded a total loss of Tk38 crore, a 24 per cent reduction from Tk50.85 crore in the corresponding period of the previous year. Loss per share for the six-month period stood at Tk3.95, compared with Tk5.20 a year earlier.
The company’s net asset value per share edged up to Tk2.58 at the end of December, from Tk1.97 a year earlier. However, overall net asset value per share declined slightly to Tk215.79 as of 30 June 2025, compared with Tk219.74 a year before.
Despite the improved quarterly performance, BSL continues to face serious financial challenges. The listed travel and leisure company has been reporting losses for several years amid a prolonged business slowdown and the burden of large loans taken for renovation work.
According to its latest annual report, long-term loans exceeded Tk800 crore by June 2025. Total loans stood at Tk908 crore, with a debt-to-equity ratio of 0.42. Accumulated losses reached Tk706 crore by FY25, including an additional Tk87.38 crore loss during the year.
The company’s auditor has raised material uncertainty about its ability to continue as a going concern, citing accumulated losses and a current asset deficit of Tk308 crore.
Although the latest quarterly results point to some operational improvement, analysts say a sustained recovery will depend on higher occupancy rates, stronger cash flow and effective debt management in the coming quarters.
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