Bangladesh Petroleum Corporation (BPC) mainly contributed to the loss.

The 44 SoEs in the country incurred a net loss of Tk 4,228.2 crore in FY 07, which was Tk 2,848.55 crore in FY 06. Eighteen of the SoEs incurred a loss of Tk 6,127.76 crore while the rest 26 made a profit of Tk 1,899.56 crore.

The main reasons of the losses are soaring oil price in the international market and devaluation of taka against dollar, according to the review.

Among the 18 losing enterprises, BPC alone incurred a loss of Tk 3175.19 crore. In the last fiscal, its loss stood at Tk 3167.11 crore.

Besides, the loss in a number of other SoEs also increased this fiscal year compared to the last fiscal year's. Bangladesh Power Development Board incurred a loss of Tk 1358.54 crore this fiscal year, which was Tk 938.09 crore last year. Bangladesh Biman Corporation incurred a loss of Tk 536 crore against Tk 453.26 crore in FY06.

Bangladesh Jute Mill Corporation has incurred a loss of Tk 394.17 crore, which was Tk 320.51 crore in the last fiscal. Bangladesh Chemical Industries Corporation lost Tk 350.99 crore this fiscal, which stood at Tk 249.54 crore in the last fiscal.

Bangladesh Small and Cottage Industries Corporation (BSCIC) and Bangladesh Water Development Board (BWDB) performed better. The BSCIC made a profit of Tk 2.26 crore while the BWDB made a profit of Tk 9.6 crore this fiscal year.

Performance of Bangladesh Sugar and Food Industries Corporation (BSFIC), Dhaka Electric Supply Authority (DESA), and Trading Corporation of Bangladesh (TCB) declined this fiscal year.

The BSFIC incurred a loss of Tk 90.64 crore, which made a profit of Tk 35.99 crore the last fiscal year, while the DESA incurred a loss of Tk 19.41 crore, which made a profit of Tk 5.69 crore the last fiscal year.

Besides, the TCB lost Tk 4.96 crore this fiscal year, which made a profit of Tk 1.16 crore last fiscal year.