Apex Tannery’s profits double

Apex Tannery Limited's profit jumped more than 140 per cent to Tk 1.24 crore in the financial year that ended on June 30, 2022. 

Its net profit after tax stood at Tk 52.22 lakh in the financial year of 2020-21, according to a filing on the Dhaka Stock Exchange (DSE) yesterday.

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Apex Tannery reported earnings per share of Tk 0.82 in 2021-22 against Tk 0.34 a year ago.

Net asset value per share rose to Tk 63.39 from Tk 63.17, while net operating cash flow per share stood at Tk 6.62 compared to Tk 7.13 earlier.

The board of directors recommended a 10 per cent cash dividend for 2021-22.

Shares of the tannery ended down 1.76 per cent at Tk 128.70 on the DSE yesterday.