Fortune Shoes Limited of Bangladesh has earned more from investing in stock market rather than from its core business of shoe making in the first half of the current financial year.
Media reports maintained this adding profit of Fortune Shoes, in the July to December period of 2021-22, more than tripled to Taka 32 crore, year-on-year even as it logged in profit before tax of Taka 18 crore from its shoe operation, whereas Taka 19.39 crore came from the stock market investment.
This is as per financial statements of the company.
Meanwhile, speaking to the media, a merchant banker, reportedly, maintained when listed companies were involved in share business in the past, many of them collapsed, while underlining they should focus on their core business.
