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Apex Footwear Q2 Profit Growth
Apex Footwear reported that lower operational costs were the primary driver of their profit growth in the second quarter of the fiscal year 2024–2025.
In the October-December quarter, the shoe manufacturer reported a profit of Tk 3.19 crore, which represents a 32% increase from the previous year.
Yesterday, Apex’s stock increased 0.68 percent to Tk 206 on the Dhaka Stock Exchange (DSE).
Cash flow, a key financial indicator, decreased
According to a statement on the DSE, Apex Footwear reported that its earnings per share (EPS) for the October-December quarter increased to Tk 2.03 from Tk 1.53 during the same time last year.
Operating expenses decreased from Tk 87.27 crore in the same period last year to Tk 81.71 crore in the second quarter, which the firm mostly ascribed to the growth.
According to the second-quarter earnings reports, Apex Footwear’s overall profit for the July–December period of FY25 was Tk 6.02 crore, a 31% year-over-year gain over the previous year.
But its cash flow, a key sign of a company’s financial health, decreased.
Established in 1990, went public in 1993
According to Apex, during the July–December period of FY25, their net operating cash flow per share (NOCFPS) decreased 14% year over year to Tk 71.34.
The footwear manufacturer attributed the drop to higher payments to workers, suppliers, and other expenses, which were fueled by rising utilities, direct labor, and material procurement prices.
Apex Footwear was established in 1990 as an export-oriented firm and went public in 1993. In 1997, Gallerie Apex was introduced, followed by Apex and Moochie in 2000. According to its website, Apex had more than 250 locations by 2018 and was the biggest retail chain in Bangladesh.
