Apex Chairman Manzur Elahi buys 50,000 company shares
On Sunday (9 March), Apex Footwear’s share price fell by 0.97% to Tk204.90 on the DSE
Apex Footwear Chairman Syed Manzur Elahi has bought 50,000 shares of the company on the secondary market of the Dhaka Stock Exchange (DSE).
According to his disclosure on the DSE, Manzur Elahi bought the shares as per his declaration.
On Sunday (9 March), Apex Footwear's share price fell by 0.97% to Tk204.90 on the DSE.
Keep updated, follow The Business Standard's Google news channel
According to Apex Footwear's financial statement, its revenue grew by over 28% year-on-year, reaching Tk406 crore in the October-December quarter of FY25, while net profit surged by 33% to Tk3.19 crore.
In the first half of this fiscal year (July-December), Apex posted a revenue of Tk829 crore, the highest in the past five years, marking a 24% increase compared to the same period last year. Net profit also climbed 30% year-on-year to Tk6 crore, with earnings per share standing at Tk3.83.
The company said in its statement that the increase in earnings per share was primarily due to a reduction of Tk5 crore in operating expenses compared to the same period last year.
However, net operating cash flow decreased as payments to suppliers, employees, and others rose, particularly within the cost of goods sold.
The increase was mainly driven by higher costs in materials procurement, rising direct labour costs, and increased utility expenses, the company added.
