Apex Footwear Limited’s profit jumped more than 31pc year-on-year in the financial year that ended on June 30, 2022.
The company reported earnings per share of Tk 11.70 in 2021-22, which was Tk 8.92 a year earlier.
The EPS went up congrats to an increase in local sales by 15.06pc compared to previous year, said the footwear manufacturer in a post on the Dhaka Stock Exchange, DSE.
Net asset value per share improved to Tk 252.95 from Tk 244.58, owing to a rise in the non-current assets and current assets in 2021-22 compared to 2020-21.
But the net operating cash flow per share fell to Tk 32.93 from Tk 145.24 a year earlier. The decrease was due to a significant increase in payments against materials purchase, increased inventory, and account receivables said the post.
Apex Footwear’s board recommended a 35pc cash and a 10pc stock dividend for 2021-22.
The stock dividend has been recommended so as to utilize its retained amount as paid-up capital with a view to improving capital adequacy.
Shares of the company rose 1.97pc on the DSE.
