United News of Bangladesh

Carew & Company (Bangladesh) Ltd, the nearly 90-year-old state-owned industrial enterprise in Darshana of Chuadanga, is on course to post its highest-ever net profit, despite continued losses in its sugar production unit. According to the company's potential profit and loss account for the 2025-26 financial year, Carew's combined net profit from all its units could reach 165,24 31,000. If achieved, the figure will surpass its previous record profit of Tk 129,44,74,000, posted in 2024-25. The projected profit highlights a striking contrast within the company: while its traditional sugar factory continues to make losses, its distillery and other sugarcane by-product-based businesses are generating strong returns. Distillery drives record profit Carew's distillery unit is expected to remain the main source of profit in 2025-26. The unit is projected to earn Tk 2,23,79,32,000. Other profitable units are also expected to contribute to the company’s earnings, with the bio-fertiliser unit projected to earn Tk 1,47,84,000, the commercial farm Tk 5,47,000, the Akandbaria unit Tk 7,62,000 and the distillery pharmaceuticals unit Tk 3,79,000. After accounting for the losses of the sugar factory, the company's combined projected net profit still stands at Tk 1,65,24,31,000. Sugar factory remains a major burden The sugar factory, however, continues to weigh heavily on Carew's finances. Its projected loss for 2025-26 is Tk 60,19,73,000. The factory recorded a loss of Tk 62.35 crore in 2024-25, when Carew posted a record overall net profit of Tk 1,29,44,74,000. In the same year, the distillery earned Tk 1,90,26,77,000 in profit. Carew's net profit in 2023-24 was Tk 1,12,79,10,000. It rose by Tk 17,36,83,000 in 2024-25. If the latest projection is achieved, Carew's net profit will have increased by more than Tk 53 crore in just two years. Old sugar plant, strong by-products