Equity Note on Fortune Shoes Ltd
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Fortune Shoes Ltd. manufactures and exports all kind of leather shoes, footwear etc. It is a 100% export oriented company.The company is increasing its production capacity and utilization gradually since 2016. Total capacity will be increased to 4.05mn pairs from current level i.e. 3.50mn pairs. Again, interest income earned on FDR using IPO fund will be abolished in this year. Considering other concerns along with these, it will be challenging for the company to bring lucrative growth in revenue and other profitability margins.
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