One of the leading companies in the footwear manufacturing industry, Apex Footwear, has reported strong fiscal year-to-date financial performance for the first quarter. For the July–September quarter, the company declared a net profit of Taka 2.82 crore, which represents a noteworthy 26 per cent rise over the same period the previous year.
According to the company’s unaudited Q1 financial filings, this rise caused its earnings per share (EPS) to increase from Taka 1.56 to Taka 1.98 during the same period last year.
Additionally, the company’s net revenue increased by a noteworthy 20 per cent year over year to Taka 422.91 crore during the July–September quarter.
Although profit and revenue increased positively, the company’s net operating cash flow per share decreased from Taka 48.57 to Taka 43.12 from the previous year. Positively, the net asset value per share increased somewhat to Taka 476.35.
