Olympic Industries PLC. announcements
332 Dhaka Stock Exchange announcements for Olympic Industries PLC. (OLYMPIC) since 2007: results, dividends, board meetings, AGMs, record dates and other price-sensitive information. Showing 2015 (17).
- Price Sensitive Information
The Company has informed that the Board of Directors has taken the following Price Sensitive decisions: 1. Confirming the completion of 52,000 sqft construction of a new building at its Madanpur biscuit factory premises and the building will put to full use in due course. 2. It has also decided to commence construction of a 2,00,000 sqft building at Lolati biscuit factory premises, at an estimated cost of Tk. 447.59 million to be funded from its own sources.This building will provide space for the installation of new machinery for future expansion projects and storage facilities for raw materials and finished goods; 3. Cease production of ballpoint pens, cereal bars and chutney at their respective units by January 31, 2016. 4. Import a new biscuit line, complete with ancillary and packing machinery from Italy and India, at an estimated cost of Tk. 104.00 million to be funded through bank financing,to produce new varieties of biscuits and to meet the increased demand for its products. This line, the Company's eighth, will have an estimated annual capacity of 9,600 metric tons; 5. Import a PET sheet forming and tray making unit from China at an estimated cost of Tk. 56.00 million to be funded through bank financing,o produce trays for use in the packing of the Company's biscuits with an estimated annual capacity of 10 million trays ensuring uniformity in the quality of trays, reduce the cost of trays and reduce the Company's dependence on external suppliers.
- Resumption News after Record date
Normal trading of the shares of the Company will resume on 23.11.2015 after record date.
- Suspension News for Record Date
Trading of the shares of the Company will remain suspended on record date i.e., 22.11.2015.
- Spot News for AGM
Trading of the shares of the Company will be allowed only in the Spot Market and Block transactions will also be settled as per spot settlement cycle with cum benefit from 18.11.2015 to 19.11.2015. Trading of the shares of the Company will remain suspended on record date i.e., 22.11.2015.
- Q1
EPS for July-September, 2015 was Tk. 2.17 as against Tk. 1.49 for July-September, 2014; NOCFPS was Tk. 4.70 for July-September, 2015 as against Tk. 1.96 for July-September, 2014. NAV per share was Tk. 23.48 as of September 30, 2015 and Tk. 23.47 as of September 30, 2014.
- Board Meeting
As per Regulation 16(1) of the Dhaka Stock Exchange (Listing) Regulations, 2015, the Company has informed that a meeting of the Board of Directors will be held on November 12, 2015 at 4:00 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended on September 30, 2015.
- Dividend Declaration
The Board of Directors has recommended 30% cash dividend and 20% stock dividend for the year ended on June 30, 2015. Date of AGM: 17.12.2015, Time: 10:00 AM, Venue: Battery Factory premises at Kutubpur, Kanchpur, Sonargaon, Narayanganj. Record Date: 22.11.2015. The Company has also reported EPS of Tk. 6.90, NAV per share of Tk. 21.31 and NOCFPS of Tk. 7.81 for the year ended on June 30, 2015 as against Tk. 5.48, Tk. 21.46 and Tk. 7.49 respectively for the year ended on June 30, 2014.
- Price Limit Open
There will be no price limit on the trading of the shares of the Company today (29.10.2015) following its corporate declaration.
- Board Meeting schedule under LR 19(1)
As per Regulation 19(1) of the Dhaka Stock Exchange (Listing) Regulations, 2015, the Company has informed that a meeting of the Board of Directors will be held on October 28, 2015 at 4:00 PM to consider, among others, audited financial statements of the Company for the year ended on June 30, 2015.
- Address Change
The Company has informed that the Registered Office of the Company has been shifted from Amin Court (6th Floor), 62 - 63, Motijheel C/A, Dhaka - 1000 to Lolati, Kanchpur Union Parishad, Sonargaon, Narayanganj. Amin Court (6th Floor), 62 - 63, Motijheel C/A, Dhaka - 1000 will be operated as it's Corporate Office.
- Query Response
In response to a DSE query dated September 20, 2015, the Company has informed that there is no undisclosed price sensitive information of the Company for recent unusual price hike.
- Land Purchase
The Company has informed that the Board of Directors has decided to purchase a land measuring area of 10.50 decimals at Lolati, Kanchpur, Sonargaon, Narayanganj at consideration value of Tk. 27.95 lacs only.
- Q3
Net Profit after tax from Jan15 to March15 was Tk. 256.79 million with EPS of Tk. 1.62 as against Tk. 230.02 million and Tk. 1.45 respectively for the same period of the previous year. Whereas Net Profit after tax from July14 to March15 was Tk. 742.57 million with EPS of Tk. 4.68 as against Tk. 635.80 million and Tk. 4.01 respectively for the same period of the previous year.
- Credit Rating
National Credit Ratings Limited (NCR) has announced the rating of the Company as AA in the long term based on audited financial statements of the Company of June 30, 2014.
- H/Y
Net profit after tax from July14 to Dec14 was Tk. 485.78 million with EPS of Tk. 3.06 as against Tk. 405.79 million and Tk. 2.56 respectively for the same period of the previous year. Whereas Net profit after tax from Oct14 to Dec14 was Tk. 250.05 million with EPS of Tk. 1.58 as against Tk. 220.22 million and Tk. 1.39 respectively for the same period of the previous year.
- credited the bonus
The Company has informed that it has credited the bonus shares for the year ended on June 30, 2014 to the respective shareholders BO Account on December 30, 2014.
- decided to purchase a land
The Company has informed that the Board of Directors has decided to purchase a land measuring area of total 29.50 decimals at Lolati, Sonargaon, Narayanganj at a total consideration of Tk. 79.85 lacs only.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.