Apex Footwear’s profit surges by 11%

Apex Footwear Limited registered an 11.25 per cent year-on-year rise in its first quarterly profit, thanks to surging export receipts as well as domestic sales.

The company’s earnings per share (EPS) stood at Tk 2.67 for July-September of FY23 against and EPS of Tk 2.4 for the same period last fiscal.

The exports as well as domestic sales grew significantly in recent months leading to a rise in profit in the first quarter of the fiscal year 2022-23, according to a filing posted on the website of the Dhaka Stock Exchange (DSE) on Sunday.

The company’s net operating cash flow per shares (NOCFPS) stood at Tk 46.93 for July-September of FY23 against Tk 52.31 for July-September of FY22.

Its net asset value (NAV) per share stood at Tk 251.12 till September this year which was Tk 252.95 till June same year. The shares of Apex Footwear were traded at Tk 257.5 per share on the DSE trading floor on Sunday.