The return of purchasing capacity of the country’s burgeoning middle-class, ACI’s target demographic, with the recovering economy also helped matters. The higher sales volume was due to public demand, Pradip Kar Chowdhury, chief financial officer of ACI, told Dhaka Tribune. The quarter’s takings take ACI’s profit in the first half of the 2020-21 financial year, which runs from July to June, to Tk 16 crore. A year earlier, it had posted losses amounting to Tk 81.8 crore. For instance, in the 2017-18 financial year, Shwapno incurred a loss of Tk 135 crore.

Source: Dhaka Tribune January 28, 2021 18:56 UTC