Apex Spinning posts 17.75pc higher profit

Apex Spinning & Knitting Mills Limited's profit rose 17.75 per cent year-on-year in the last financial year. 

The company reported earnings per share of Tk 3.45 for 2021-22, up from Tk 2.93 in 2020-21.

Net asset value per share increased to Tk 58.38 from Tk 55.89 during the period.

The board of directors has recommended a 20 per cent cash dividend for 2021-22, according to a filing on the Dhaka Stock Exchange yesterday.

Shares of Apex Spinning, however, dipped 9.19 per cent yesterday. 

Apex Spinning is a vertically integrated company that manufactures high-quality knit garments. It specialises in infant, children, and womenswear using fabrics.