Apex Foods Reports Tk 1.25 Crore Profit in Q1 (July-September)
Apex Foods Ltd posted a profit of Tk 1.25 crore in the first quarter (July-September) of its financial year, reflecting a slight 2 percent decline year-on-year. This led to a minor drop in earnings per share (EPS), which fell to Tk 2.20 from Tk 2.25 for the same period last year, according to a disclosure on the Dhaka Stock Exchange.
Despite opening at Tk 215.5, Apex Foods’ stock saw a 3.94 percent decline to Tk 207 by 1:48 pm today.
In a positive development, Apex Foods reported an improvement in its net operating cash flow per share (NOCFPS), which rose to Tk 12.19 in the negative, compared to Tk 31.28 in the negative last year. The company attributed this rise to increased revenue collection and reduced bank charges, which bolstered its cash flow.
The company also noted a slight decline in net asset value per share, attributing it to changes in the market value of investments.
