Carew & Co is the only government company in Bangladesh that manufactures and sells liquor. The state-owned Carew & Co posted a profit for the first time in its 80 years.
The company has kept posting profit every year riding on ever increasing revenue earned from the sales of liquor.
In FY21, Carew and Company earned Tk195 crore in revenue only from liquor, which was Tk38.39 crore more compared to FY 20.
Hand sanitiser selling and vinegar contributed to the company’s profit in the pandemic year.
The company’s sugar unit has incurred losses of around Tk70 crore previously.