Dhaka, April 26 -- Apex Footwear's profit slumped in the third quarter of the fiscal year 2024-25 as higher tax payments slashed its profit despite a significant jump in revenue.
The shoemaker's profit fell 40 percent year-on-year to Tk 97.01 lakh in the January-March quarter FY25, according to a price-sensitive disclosure published on Thursday.
The company reported that revenue rose 36.70 percent year-on-year to Tk 539.82 crore during the third quarter of the fiscal year.
Its earnings per share (EPS) stood at Tk 0.62 for the January-March 2025 quarter, down from Tk 1.04 in the same period a year ago, according to a disclosure on the Dhaka Stock Exchange (DSE).
Shares of Apex dropped 6.32 percent to Tk 204.5 as of 12:18 pm on the DSE.
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