Board Change • May 20
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Director Fouzia Haque was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Apr 27
Apex Tannery Limited to Report Q3, 2026 Results on Apr 30, 2026 Apex Tannery Limited announced that they will report Q3, 2026 results on Apr 30, 2026 Announcement • Jan 20
Apex Tannery Limited to Report Q2, 2026 Results on Jan 25, 2026 Apex Tannery Limited announced that they will report Q2, 2026 results on Jan 25, 2026 Announcement • Nov 10
Apex Tannery Limited to Report Q1, 2026 Results on Nov 12, 2025 Apex Tannery Limited announced that they will report Q1, 2026 results on Nov 12, 2025 Announcement • Oct 15
Apex Tannery Limited, Annual General Meeting, Dec 30, 2025 Apex Tannery Limited, Annual General Meeting, Dec 30, 2025, at 11:00 Central Asia Standard Time. Location: hybrid system, at apex tannery limited, plot no. xa1, xa2, xa3, and xs8, bscic tannery industrial estate, harindhara, hemayetpur, savar, dhaka-1340., Bangladesh Announcement • Oct 07
Apex Tannery Limited to Report Fiscal Year 2025 Results on Oct 14, 2025 Apex Tannery Limited announced that they will report fiscal year 2025 results on Oct 14, 2025 Announcement • Apr 21
Apex Tannery Limited to Report Q3, 2025 Results on Apr 27, 2025 Apex Tannery Limited announced that they will report Q3, 2025 results on Apr 27, 2025 Announcement • Jan 22
Apex Tannery Limited to Report Q2, 2025 Results on Jan 28, 2025 Apex Tannery Limited announced that they will report Q2, 2025 results on Jan 28, 2025 Announcement • Nov 22
Apex Tannery Limited Appoints Mr. Syed Nasim Manzur as the Chairman and Acting Managing Director Apex Tannery Limited informed that the Board of Directors has appointed Mr. Syed Nasim Manzur as the Chairman and Acting Managing Director of the company with effect from November 20, 2024. New Risk • Nov 16
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended March 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.4x net interest cover). Earnings have declined by 55% per year over the past 5 years. Market cap is less than US$10m (৳1.11b market cap, or US$9.23m). Minor Risk Latest financial reports are more than 6 months old (reported March 2024 fiscal period end). Announcement • Nov 11
Apex Tannery Limited to Report Q1, 2025 Results on Nov 12, 2024 Apex Tannery Limited announced that they will report Q1, 2025 results on Nov 12, 2024 Upcoming Dividend • Oct 29
Upcoming dividend of ৳0.50 per share Eligible shareholders must have bought the stock before 05 November 2024. Payment date: 26 January 2025. The company is not currently making a profit and is not cash flow positive. Trailing yield: 0.8%. Lower than top quartile of Bangladeshi dividend payers (5.2%). Lower than average of industry peers (3.9%). New Risk • Oct 21
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ৳1.19b (US$10.00m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.4x net interest cover). Earnings have declined by 55% per year over the past 5 years. Market cap is less than US$10m (৳1.19b market cap, or US$10.00m). Declared Dividend • Oct 11
Dividend of ৳0.50 announced Dividend of ৳0.50 is the same as last year. Ex-date: 5th November 2024 Payment date: 26th January 2025 Dividend yield will be 0.6%, which is lower than the industry average of 2.7%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months and having no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Announcement • Oct 02
Apex Tannery Limited to Report Fiscal Year 2024 Results on Oct 08, 2024 Apex Tannery Limited announced that they will report fiscal year 2024 results on Oct 08, 2024 New Risk • Jun 11
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Bangladeshi stocks, typically moving 6.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.4x net interest cover). Earnings have declined by 55% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.5% average weekly change). Market cap is less than US$100m (৳1.25b market cap, or US$10.6m). Reported Earnings • May 02
Third quarter 2024 earnings released: EPS: ৳1.24 (vs ৳1.92 loss in 3Q 2023) Third quarter 2024 results: EPS: ৳1.24 (up from ৳1.92 loss in 3Q 2023). Revenue: ৳224.2m (up 16% from 3Q 2023). Net income: ৳18.9m (up ৳48.2m from 3Q 2023). Profit margin: 8.4% (up from net loss in 3Q 2023). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 86 percentage points per year, which is a significant difference in performance. Announcement • Apr 26
Apex Tannery Limited to Report Q3, 2024 Results on Apr 29, 2024 Apex Tannery Limited announced that they will report Q3, 2024 results on Apr 29, 2024 Reported Earnings • Feb 01
Second quarter 2024 earnings released: ৳1.03 loss per share (vs ৳1.95 loss in 2Q 2023) Second quarter 2024 results: ৳1.03 loss per share (improved from ৳1.95 loss in 2Q 2023). Revenue: ৳212.6m (up 52% from 2Q 2023). Net loss: ৳15.7m (loss narrowed 47% from 2Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 77 percentage points per year, which is a significant difference in performance. Announcement • Jan 23
Apex Tannery Limited to Report Q2, 2024 Results on Jan 28, 2024 Apex Tannery Limited announced that they will report Q2, 2024 results on Jan 28, 2024 Reported Earnings • Nov 18
First quarter 2024 earnings released: ৳2.68 loss per share (vs ৳1.52 loss in 1Q 2023) First quarter 2024 results: ৳2.68 loss per share (further deteriorated from ৳1.52 loss in 1Q 2023). Revenue: ৳176.6m (down 28% from 1Q 2023). Net loss: ৳40.8m (loss widened 76% from 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Nov 01
Upcoming dividend of ৳0.50 per share at 0.5% yield Eligible shareholders must have bought the stock before 08 November 2023. Payment date: 10 January 2024. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 0.5%. Lower than top quartile of Bangladeshi dividend payers (3.4%). Lower than average of industry peers (2.8%). Announcement • Oct 13
Apex Tannery Limited Recommends Cash Dividend for the Year Ended June 30, 2023 Apex Tannery Limited Recommended 5% Cash Dividend for the Year Ended June 30, 2023. Record date is November 7, 2023. Announcement • Oct 05
Apex Tannery Limited to Report Fiscal Year 2023 Results on Oct 10, 2023 Apex Tannery Limited announced that they will report fiscal year 2023 results on Oct 10, 2023 Reported Earnings • May 04
Third quarter 2023 earnings released: ৳1.92 loss per share (vs ৳0.12 profit in 3Q 2022) Third quarter 2023 results: ৳1.92 loss per share (down from ৳0.12 profit in 3Q 2022). Revenue: ৳192.7m (down 48% from 3Q 2022). Net loss: ৳29.3m (down ৳31.2m from profit in 3Q 2022). Reported Earnings • Feb 03
Second quarter 2023 earnings released: ৳1.95 loss per share (vs ৳0.07 profit in 2Q 2022) Second quarter 2023 results: ৳1.95 loss per share (down from ৳0.07 profit in 2Q 2022). Revenue: ৳139.8m (down 58% from 2Q 2022). Net loss: ৳29.8m (down ৳30.8m from profit in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has fallen by 3% per year. Reported Earnings • Dec 07
First quarter 2023 earnings released: ৳1.52 loss per share (vs ৳0.09 profit in 1Q 2022) First quarter 2023 results: ৳1.52 loss per share (down from ৳0.09 profit in 1Q 2022). Revenue: ৳245.6m (down 15% from 1Q 2022). Net loss: ৳23.2m (down ৳24.6m from profit in 1Q 2022). Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Announcement • Nov 17
Apex Tannery Limited Appoints A. K. M. Rahmatullah as Chairman and Md. Hedayetullah as the Managing Director Apex Tannery Limited has informed that the Board of Directors has elected Mr. A. K. M. Rahmatullah, as the Chairman and appointed Mr. Md. Hedayetullah as the Managing Director of the Company with effect from November 15, 2022. Board Change • Nov 17
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. 1 independent director (5 non-independent directors). Director Mohammad Hossain was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Oct 21
Full year 2022 earnings released: EPS: ৳0.82 (vs ৳0.34 in FY 2021) Full year 2022 results: EPS: ৳0.82 (up from ৳0.34 in FY 2021). Revenue: ৳1.28b (up 1.3% from FY 2021). Net income: ৳12.5m (up 140% from FY 2021). Profit margin: 1.0% (up from 0.4% in FY 2021). Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 8% per year. Upcoming Dividend • Sep 27
Upcoming dividend of ৳1.00 per share Eligible shareholders must have bought the stock before 04 October 2022. Payment date: 11 December 2022. Payout ratio is on the higher end at 91%, however this is supported by cash flows. Trailing yield: 0.8%. Lower than top quartile of Bangladeshi dividend payers (3.9%). Lower than average of industry peers (2.5%). Announcement • Sep 12
Apex Tannery Limited Recommends Cash Dividend for the Year Ended June 30, 2022 The Board of Directors of Apex Tannery Limited recommended 10% cash dividend for the year ended June 30, 2022. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 5 non-independent directors. Director Mohammad Hossain was the last director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 02
Second quarter 2022 earnings: Revenues and EPS in line with analyst expectations Second quarter 2022 results: EPS: ৳0.07 (down from ৳0.92 in 2Q 2021). Revenue: ৳334.9m (up 7.1% from 2Q 2021). Net income: ৳1.07m (down 92% from 2Q 2021). Profit margin: 0.3% (down from 4.5% in 2Q 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Oct 21
Upcoming dividend of ৳1.00 per share Eligible shareholders must have bought the stock before 28 October 2021. Payment date: 29 December 2021. Trailing yield: 0.8%. Lower than top quartile of Bangladeshi dividend payers (2.7%). Lower than average of industry peers (1.8%). Reported Earnings • Feb 02
Second quarter 2021 earnings released: EPS ৳0.92 (vs ৳0.32 in 2Q 2020) The company reported a decent second quarter result with improved earnings and profit margins, although revenues were weaker. Second quarter 2021 results: Revenue: ৳312.9m (down 27% from 2Q 2020). Net income: ৳14.0m (up 187% from 2Q 2020). Profit margin: 4.5% (up from 1.1% in 2Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 84% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Reported Earnings • Jan 21
First quarter 2021 earnings released: ৳2.25 loss per share The company reported a poor first quarter result with weaker earnings, revenues and control over expenses. First quarter 2021 results: Revenue: ৳316.4m (down 15% from 1Q 2020). Net loss: ৳34.3m (down ৳39.7m from profit in 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 68% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Oct 15
Upcoming Dividend of ৳1.20 Per Share Will be paid on the 27th of December to those who are registered shareholders by the 22nd of October. The trailing yield of 3.3% is below the top quartile of Bangladeshi dividend payers (4.1%), but is in line with industry peers (3.1%). Announcement • Jun 21
Apex Tannery Limited to Report Q3, 2020 Results on Jun 18, 2020 Apex Tannery Limited announced that they will report Q3, 2020 results on Jun 18, 2020