During the current financial year, Apex Footwear Ltd., recorded a 29 per cent year-over-year increase in earnings to Taka 1.63 crore for the January-March quarter.
In the same third quarter of 2022–2023, the biggest producer and exporter of leather footwear generated a profit of Taka 1.26 crore.
According to the unaudited financial statement, the footwear manufacturer had a 9.3 per cent increase in revenue in Q3 of 2023–24, reaching Taka 394.89 crore from Taka 361.21 crore in the same time the previous year.
However, Apex’s profit dropped to Taka 6.27 crore in July-March of FY ’24, down 22 percent from Taka 8.03 crore in the same period of FY ’23.
A strong cash position was shown by the company’s net operational cash flow per share, which rose to Taka 91.47 in the nine months from Taka 84.09 previously.
Comparably, the net asset value per share increased from Taka 217.85 on 30th June of last year to Taka 219.06 on 31st March of this year, indicating a rise in the company’s total worth.