Apex Footwear, an 'A' category company, will purchase one bigha (20 kathas) of land with a six-story building at a cost of Tk 290 million, excluding registration and other costs.
The company on Sunday made the disclosure through the website of Dhaka Stock Exchange (DSE).
According to the disclosure, the board of directors has decided to purchase the land with a built up area of 72,000 sft. (12,000 sft. each floor) situated at Block-C, Plot No. 29 of Tongi Industrial Area of RAJUK at Tongi in Gazipur district.
The company's board of directors also recommended 55 per cent cash dividend for the year ended on June 30, 2018.
In the latest financial year, the company witnessed a sharp rise in earnings per share (EPS) compared to the previous year.
The EPS rose 60 per cent to Tk 11.54 for the year ended on June 30, 2018 compared to same of the previous year.
The company reported NAV per share of Tk 244.42 and NOCFPS of Tk 81.55 for the year ended on June 30, 2018 as against Tk 237.88 and Tk 76.33 respectively for the same period of the previous year.
Apex Footwear was listed with the stock exchanges in 1993.
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