Apex Tannery shares jump 9.88% despite widening losses
Shares of Apex Tannery rose 9.88% on Monday at the Dhaka Stock Exchange (DSE), despite the company reporting a 76% year-on-year increase in second-quarter losses for FY 2025-26.
The tannery firm posted a loss per share (LPS) of Tk 5.80 for Q2 (October–December), up from Tk 3.29 in the same period last fiscal year. In H1 (July–December), LPS rose to Tk 10.78 from Tk 7.99 in FY25. The company attributed the net profit decline to lower sales revenue, weakened gross margins, and higher financial expenses due to increased borrowings.
DSE data showed Apex Tannery opened at Tk 68.50 and closed at Tk 74.50 on Monday, with a total trading value of Tk 1.66 crore.
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Separately, the company's board approved a land revaluation report conducted by G. Kibria & Co., Chartered Accountants. Based on unaudited Q2 financials as of 31 December 2025, the land's net book value was Tk 16.95 crore, while its current market value was Tk 344.63 crore, resulting in a revaluation surplus of Tk 327.68 crore.
