Apex Footwear’s profit jumps nearly 21%

Apex Footwear Limited posted a 20.85 percent year-on-year increase in profit to Tk 16.71 crore in the financial year of 2022-23.

The profit stood at Tk 13.83 crore in 2021-22.

Thus, the footwear manufacturer reported earnings per share of Tk 12.86 for 2022-23, which was Tk 10.64 in the previous financial year, according to the financial statements of the company.  

The net asset value per share rose to Tk 239.64 from Tk 229.96 while the net operating cash flow per share slipped to Tk 27.23 from Tk 29.94 during the period. 

The board of directors recommended 35 percent cash and 10 percent stock dividends for the year that ended on June 30.

Shares of Apex Footwear rose 3.95 percent to Tk 307.90 on the Dhaka Stock Exchange today.