Bata Shoes’ EPS plunges 55 pc

The half-yearly earnings per share of Bata Shoes plunged 55.83 percent to Tk 20.50.

The shoe maker informed they gave emphasis on the collection of dues and cut down on credit sales. As a result, turnover declined. But dues declined and net operating cash flow per share increased to Tk 28.01 from Tk 17.42 in the negative.

Bata Shoe also offered a big clearance sale to clear stock for more than 12 months old, which impacted the gross margins of the second quarter.