Bata Shoe profit surges 17-fold

Bata Shoe Company (Bangladesh) Ltd reported a 1,587 per cent increase in profit in the April-June quarter of 2022. 

The multinational company's earnings per share rocketed to Tk 19.41 in the second quarter from Tk 1.15 during the same period a year ago, according to the unaudited financial statements.

The EPS increase was driven by the growth in sales volume and amount, especially during Eid festivals, said the company in a filing on the Dhaka Stock Exchange yesterday. Shares of the company closed 6.88 per cent higher at Tk 987 yesterday.