Sugar mill makes losses, but the profits of Carew - Bangladesh's sole licenced distillery - hit 88-year high

Despite the high cost of importing sugar, Carew & Co, Bangladesh’s only licenced alcohol distillery, has posted its highest profits in the 88 years since it started operations. Sugar Mill Managing Director Md Rabbik Hasan said that Carew posted record profits in the 2024-25 fiscal year. Despite paying Tk 1.4 billion in taxes to state coffers and nearly Tk 625 million in sugar imports, the profits amounted to over Tk 1.29 billion. According to authorities, the sugar mill was established in 1938. Despite using old-fashioned machinery, the mill has managed to keep running. Mechanical faults regularly occur during sugar production. For these reasons, its sugar business has not been profitable. In this fiscal year, the distillery department produced 205,200 cases...