Dhaka, Nov. 26 -- Fortune Shoes' profit nosedived to Tk 19 million in FY25 as non-operating income shrank significantly.

The shoe manufacturer's profit tumbled 77 per cent year-on-year in FY25, according to a stock exchange filing on Tuesday.

Fortune Shoes, based mainly in the southern division of Barishal, reported earnings per share of Tk 0.11 for the year to June this year, down from Tk 0.50 the year before.

The company said higher manufacturing costs, increased finance expenses, along with reduced income beyond operations and losses in certain export orders, impacted the profit growth.

Due to lower profit, the company declared 0.50 per cent cash dividends, equivalent to 5 paisa per share, only for general shareholders for FY25.

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