Press Releases/PSI

The Board of Directors of Olympic Industries Limited is pleased to announce that it has decided to purchase 44.00 decimals of land for total consideration of BDT 31,850,000.00, including the price of the land (BDT 28,000,000.00) and registration fees and other expenses at Chengain, Kanchpur, Sonargaon, Narayanganj.

National Credit Ratings Limited (NCR) has announced the surveillance rating of Olympic Industries Limited as “AA+” (long term) based on June 30, 2015 audited financial statements of the company.

The Board of Directors of Olympic Industries Limited is pleased to announce that it has decided to purchase two plots of land measuring total 34.00 decimals for total consideration of BDT 6,800,000.00 (19 decimals for BDT 3,800,000.00 and 15 decimals for BDT 3,000,000.00) at Lolati, Kanchpur, Sonargaon, Narayanganj. The company has also decided to sell a … Continue reading “May 8, 2016”

The Board of Directors of Olympic Industries Limited is pleased to announce that it has decided to import a new cookies manufacturing line, including ancillary and packaging machinery, from Italy and India, at an estimated of BDT 133.00 million to be funded by both cash and bank financing, to produce new, premium varieties of cookies. … Continue reading “May 4, 2016”

The company reported its unaudited Q3 2015-2016 results – Earnings per share: BDT 2.27 (January to March 2016) vs BDT 1.35 (January to March 2015). BDT 6.26 (July 2015 to March 2016) vs BDT 3.90 (July 2014 to March 2015). NOCFPS: BDT 8.87 (July 2015 to March 2016) vs BDT 5.56 (July 2014 to March 2015). NAV: … Continue reading “May 2, 2016”

In conjunction with our December 30, 2015 price sensitive information, we are pleased to advise that we have applied to the Board of Investment to request for the cancelation of registration for the ballpoint pen, cereal bar and chutney manufacturing units and to request permission to sell any and all usable machineries to interested parties (and … Continue reading “February 28, 2016”

The company reported its unaudited Q2 2015-2016 results – Earnings per share: BDT 2.18 (October to December 2015) vs BDT 1.31 (October to December 2014). BDT 3.98 (July to December 2015) vs BDT 2.55 (July to December 2014). NOCFPS: BDT 6.49 (July to December 2015) vs BDT 2.94 (July to December 2014). NAV: BDT 19.24 … Continue reading “January 31, 2016”

The Board of Directors of Olympic Industries Limited is pleased to announce that it has taken the following decisions: 1. Confirmation of completion of a 52,000 sqft production building at its Madanpur biscuit factory premises; 2. Commence construction of a 200,000 sqft production building at its Lolati biscuit factory premises, at an estimated cost of BDT … Continue reading “December 31, 2015”