Carew and Co bags 232.96C in first half of FY23

Business Desk :
State-owned Carew and Company (Bangladesh) Ltd earned a record Tk232.96 crore in 6 months (July-December) of the fiscal year 2022-23 (FY23) from selling alcohol in the country.
The profit earned has increased by 21% compared to the same period of FY21, reports UNB. This is the highest growth record for liquor sales ever for Carew and Company, according to the company’s estimate.
This has happened as a result of the undeclared ban on importing foreign liquor; both the production and sales of domestic establishments have increased, officials said.
They say the National Board of Revenue (NBR) increased vigilance on liquor imports in 2021 to prevent duty evasion.
As a result, the import of alcohol through legal channels has decreased.
“There has been a shortage of foreign liquor in authorized bars. They are forced to buy liquor from domestic companies to deal with this crisis. Because of this, both the sale of alcohol and the income have increased,” said Syed Masudul Haque, a senior official of Carew and Company.
According to the company sources, in the first six months of the fiscal year 2022-23 (July to December) the income from the sale of alcohol was Tk232.96 crore..