ACI Ltd saw its losses increase in the first quarter of the current financial year 2024-25, driven by high borrowing costs. 

Consolidated loss was up 167 percent year-on-year to Tk 42.21 crore for the July-September quarter of this financial year.

As a result, loss per share was Tk 5.54 in the Q1, compared to Tk 2.07 in the same period previous year, said the company in a filing on the Dhaka Stock Exchange.

The local conglomerate attributed the decline to higher borrowing costs due to rising interest rates and additional funding for working capital and strategic investments.

Net operating cash flow per share (NOCFPS) also deteriorated, registering Tk 62.07 in the negative, compared to a negative Tk 34.19 in the first quarter of the previous year. 

The fall was driven by changes in working capital levels, reflecting operational challenges amid rising costs, said ACI in the disclosure.