Despite the long-standing perception that Shwapno is a loss-making concern, the retailer's latest audited financial statements present a more complex reality. The data indicates that the company is successfully generating operating profit; however, significant financing costs are offsetting these gains, pushing the firm into a deficit. In light of these financial dynamics, ACI has decided to inject Tk700 crore into the retail chain.
Economy
Operating profits buried under debt: Why ACI is pumping Tk700cr into Shwapno
While Shwapno has long been perceived as a loss-making entity, recent audited financial statements reveal that the retailer is generating operating profit, though heavy financing costs are driving it into the red.
Source: TBS Bangladesh