Apex Footwear has reported a significant profit growth of 32% in the second quarter of the fiscal year 2024-25, achieving a profit of Tk 3.19 crore for the October-December period.

This increase is attributed to a reduction in operating expenses, which fell to Tk 81.71 crore from Tk 87.27 crore in the same quarter last year. The company’s Earnings Per Share (EPS) rose to Tk 2.03, up from Tk 1.53 year-on-year.

As a result of these positive earnings, shares of Apex Footwear increased by 0.68%, trading at Tk 206 on the Dhaka Stock Exchange. Overall, the company’s total profit for the first half of FY25 reached Tk 6.02 crore, marking a 31% increase compared to the previous year.

However, despite this profit growth, Apex Footwear’s net operating cash flow per share (NOCFPS) declined by 14% to Tk 71.34 due to higher payments to suppliers and rising operational costs.