Bata Shoe returns to profit

Bata Shoe Company (Bangladesh) Limited clocked a Tk 41.01 crore profit for the year that ended on December 31.

It suffered a loss of Tk 6.85 crore in 2021.

Thus, the multinational company reported earnings per share of Tk 29.98 for 2022. It was a negative Tk 5.01 in 2021.

The net asset value per share slipped to Tk 252.16 from Tk 252.33 while the net operating cash flow per share rose to Tk 107.84 from Tk 91.70 during the period.

Bata Shoe's board of directors has recommended a 105 per cent final cash dividend for 2022, taking the total cash dividend for the year to 365 per cent. It has already paid a 260 per cent interim cash dividend to shareholders, according to a filing on the Dhaka Stock Exchange today.