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 2016 (19).
- Suspension for record date
Trading of the shares of the Company will remain suspended on record date i.e., 21.11.2016.
- Spot 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 17.11.2016 to 20.11.2016. Trading of the shares of the Company will remain suspended on record date i.e., 21.11.2016.
- Installation & commencement
With reference to their earlier news (disseminated by DSE on 31.12.2015), the company has further informed that the 8th Biscuit Line, imported from Italy and India, with an estimated annual capacity of 9,600 metric tons, has been successfully installed and commissioned at the Company's Madanpur factory and commercial operation shall commence on November 15, 2016.
- Q1 Financials
(Q1 Un-audited): EPS was Tk. 2.18 for July-September, 2016 as against Tk. 1.81for July-September, 2015; NOCFPS was Tk. 2.73 for July-September, 2016 as against Tk. 4.70 for July-September, 2015. NAV per share was Tk. 25.97 as of September 30, 2016 and Tk. 23.48 as of September 30, 2015.
- 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 13, 2016 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, 2016.
- Dividend Declaration
The Board of Directors has recommended 40% cash dividend and 5% stock dividend for the year ended on June 30, 2016. Date of AGM: 22.12.2016, Time: 10:00 AM, Venue: Battery Factory premises at Kutubpur, Kanchpur, Sonargaon, Narayanganj. Record Date: 21.11.2016. The Company has also reported EPS of Tk. 8.54, NAV per share of Tk. 23.80 and NOCFPS of Tk. 10.96 for the year ended on June 30, 2016 as against Tk. 5.75, Tk. 21.31 and Tk. 7.81 respectively for the same period of the previous year.
- Price Limit Open
There will be no price limit on the trading of the shares of the Company today (30.10.2016) following its corporate declaration.
- Board Meeting
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 27, 2016 at 3:30 PM to consider, among others, audited financial statements of the Company for the year ended on June 30, 2016.
- Land Purchase
The Company has informed that the Board of Directors of the Company has decided to purchase 5.59 decimals land at total consideration of Tk. 30,75,000.00 and with Registration fees and other expenses of Tk. 4,00,000.00 at Keodhala, Madanpur, Bondar, Narayanganj.
- Land Purchase
The Company has informed that the Board of Directors of the Company has decided to purchase 44 decimals land at total cost of Tk. 3,18,50,000.00 including price of the land ( Tk. 2,80,00,000.00) Registration fees, Taxes and Charges for certified copies etc. at Chengain, Kanchpur, Sonargaon, Narayanganj.
- Credit Rating Result
National Credit Ratings Limited (NCR) has announced the Surveillance rating of the Company as "AA+" in the long term based on audited financial statements of the Company up to June 30, 2015.
- Land Purchase and sell
The Company has informed that the Board of Directors of the Company has decided to purchase 2 plots of land measuring total 34 decimals at consideration of Tk. 68,00,000.00 of which 19 decimals for Tk. 38,00,000.00 and 15 decimals for Tk. 30,00,000.00 at Lolita, Kanchpur, Sonargaon, Narayanganj. The Board also decided to sell a plot of land measuring 19 decimals at consideration of Tk. 38,00,000.00 at Lolita, Kanchpur, Sonargaon, Narayanganj.
- New line setup
The Company has informed that The Board of Directors has decided to import a new cookie line, complete with ancillary and packing machinery, from Italy and India, at an estimated cost of Tk. 133.00 million to be jointly funded with cash and bank financing, to produce new, premium varieties of cookies. This new line, the Company's ninth, will have an estimated annual capacity of 7,200 metric tons.
- Q3 Financials
(Q3 Un-audited): EPS was Tk. 2.27 for January-March, 2016 as against Tk. 1.35 for January-March, 2015; EPS was Tk. 6.26 for July, 2015-March, 2016 as against Tk. 3.90 for July, 2014-March, 2015. NOCFPS was Tk. 8.87 for July, 2015-March, 2016 as against Tk. 5.56 for July, 2014-March, 2015. NAV per share was Tk. 21.52 as of March 31, 2016 and Tk. 18.97 as of March 31, 2015.
- 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 April 28, 2016 at 3:30 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended on March 31, 2016.
- Regarding cessation of production of three units
In connection to their earlier news (disseminated by DSE on 31.12.2015), the Company has further informed the following: "Application may be submitted to the Board of Investment informing them about cessation of production of following units of the company from January 31,2016 as per decision of the Board taken on December 30, 2015. The Board of Investment may also be requested for cancellation of registration granted by them to the said units and to accord permission,if necessary, for gradual sale of machineries and equipments of the units which have economic life left and for which interested party is found for purchase at reasonable price. They may also be informed that the machineries and equipments whose economic life has expired/which have become obsolete and for which no interested party is found to purchase at reasonable price, may be sold as scrap materials:ball point pen manufacturing unit, Cereal Bars Producing Unit and Chutney Producing unit. Letters may also be submitted, if necessary, to the Chief Controller/Controller of Imports and Exports, National Board of Revenue, concerned departments of income tax and vat, city corporation, Upazilla Nirbahi Officer (UNO)/Chairman of local union council, chief inspector of factories and establishment, fire service department, etc.for cancellation of / making necessary correction in IRC, ERC, TIN, eTIN, VAT Registration, Trade License, Factory License, Factory Registration, Fire Production License etc. of those units, as may appear applicable. Based on the approval/decision of the board of investment, steps may be taken to arrange sale of machineries and equipments of those units to the interested parties at reasonable price. The machineries and equipments which haveno economic life left / which have become obsolete / for which no interested party is found to purchase at reasonable price, may be sold as scrap materials. If necessary, the full closure of the units including disposal of machineries and equipments and cancellation/modification of relevant Licenses, Permits, Registartion Certificiates, etc. may be ratified by the shareholders of the company in the next AGM."
- Q2 Financials
EPS was Tk. 2.18 for October-December, 2015 as against Tk. 1.31 for October-December, 2014; EPS was Tk. 3.98 for July-December, 2015 as against Tk. 2.55 for July-December, 2014. NOCFPS was Tk. 6.59 for July-December, 2015 as against Tk. 2.94 for July-December, 2014. NAV per share was Tk. 19.24 as of December 31, 2015 and Tk. 23.43 as of December 31, 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 January 30, 2016 at 3:30 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended on December 31, 2015.
- Dividend Disbursement
The Company has informed that it has credited the bonus shares for the year ended on June 30, 2015 to the respective shareholders' BO Account on 28.12.2015 and it has also disbursed cash dividend as well as sale proceeds of fractional bonus shares.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.