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Apex Footwear Ltd --- the local footwear giant --- witnessed 29 per cent growth in sales year-on-year to Tk 13.69 billion in nine months through March this year, riding on higher exports and local sales.
The country’s leading shoemaker’s profit also grew 11.5 per cent year-on-year to Tk 69.96 million in July-March period of FY25.
Accordingly, earnings per share (EPS) stood at Tk 4.45 in July-March of FY25, against Tk 3.99 in the same period of the previous year, according to price sensitive information published on Wednesday.
Its third quarter (January-March) sales also jumped 36.7 per cent year-on-year to Tk 5.40 billion but profit dropped 40 per cent to Tk 9.70 billion in the quarter due to higher costs.
The net operating cash flow per share, a measure of a company’s ability to generate cash from its operations, jumped to Tk 176.18 in nine months through March this year, against Tk 83.16 in the same period last year.
The net asset value, which refers to the excess of total assets over total liabilities, also rose to Tk 432.51 per share from Tk 431.24 in the previous year.
From its founding in 1990, Apex brand has been synonymous with innovation, quality and customer care. Apex is the number one shoe brand in Bangladesh.
Apex is the largest shoemaker in South Asia. Apex exports footwear in all major export markets in Europe, North America, and Japan.
Apex continued to focus on product diversification that would push up the sales further in future.