Listed textile manufacturer Apex Spinning & Knitting Mills has resumed full factory operations from Saturday (June 27) after temporarily suspending production for four days due to labour unrest.

In a disclosure to the stock exchange on Sunday, the company said its board and management had decided to restart normal operations as the situation at the factory had returned to normal.

Earlier, on June 23, Apex Spinning informed investors that it had temporarily suspended factory operations and laid off around 5,000 workers following labour unrest over service benefits, raising concerns about potential disruptions to production and business activities.

The company said the decision to resume operations came after constructive discussions with the concerned stakeholders, which helped restore a stable and conducive working environment at the factory.
With the labour dispute resolved, normal production activities resumed on June 27, the company said.

The announcement is expected to reassure investors, as the temporary shutdown had sparked concerns over the company's production schedule and financial performance if the disruption had continued.

Following the disclosure, the company's share price rose 2.17 per cent to Tk 363.10 after two and a half hours of trading on the Dhaka Stock Exchange on Sunday.

Apex Spinning did not disclose the financial impact of the temporary suspension or provide further details about the labour unrest. However, it confirmed that factory operations have fully resumed under normal conditions.

Meanwhile, the company reported a 9.0 per cent year-on-year decline in export earnings to Tk 3.83 billion during the nine months ended March 2026. Net profit also fell 15 per cent to Tk 21.5 million during the period.
Despite the weaker nine-month performance, Apex Spinning posted an annual profit of Tk 30.24 million in FY25, almost unchanged from the previous year. The company has also maintained a consistent dividend record, distributing a 20 per cent cash dividend in each of the past five years.

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