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 2017 (16).
- Resumption after record date
Trading of the shares of the Company will resume on 26.11.2017 after record date.
- Suspension for Record Date
Trading of the shares of the Company will remain suspended on record date i.e., 23.11.2017 for EGM and AGM.
- Spot for EGM & 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 21.11.2017 to 22.11.2017. Trading of the shares of the Company will remain suspended on record date i.e., 23.11.2017 for EGM and AGM.
- Q1 Financials
(Q1 Un-audited): EPS was Tk. 2.24 for July-September, 2017 as against Tk. 2.07 for July-September, 2016; NOCFPS was Tk. 2.48 for July-September, 2017 as against Tk. 2.73 for July-September, 2016. NAV per share was Tk. 29.32 as on September 30, 2017 and Tk. 25.97 as on September 30, 2016.
- Board Meeting schedule under LR 16(1)
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, 2017 at 03:00 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended on September 30, 2017
- Dividend Declaration & Special Resolutions for EGM
The Board of Directors has recommended 45% cash dividend for the year ended on June 30, 2017. The Board of Directors has also decided to held an EGM to pass Special Resolutions for inclusion of 3 new clauses in and renumbering of existing clauses and sub-clauses of the Object Clause (Clause-III) of the Memorandum of Association and also to substitute the existing Article-111 by the new Article-111 in the Articles of Association and to take other required decisions for the aforesaid purposes. (cont.) (Continuation news of OLYMPIC): Date of EGM & AGM: 14.12.2017, Time for EGM & AGM: 10:00 AM & 10:30 AM respectively, Venue: Battery Factory premises at Kutubpur, Kanchpur, Sonargaon, Narayanganj. Record Date for EGM & AGM: 23.11.2017. The Company has also reported EPS of Tk. 8.22, NAV per share of Tk. 27.07 and NOCFPS of Tk. 4.94 for the year ended on June 30, 2017 as against Tk. 8.13, Tk. 23.80 and Tk. 10.96 respectively for the same period of the previous year. (end)
- Price Limit Open
There will be no price limit on the trading of the shares of the Company today (29.10.2017) following its corporate declaration.
- Board Meeting schedule under LR 19(1) & to conduct EGM
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 26, 2017 at 3:00 PM to consider, among others, audited financial statements of the Company for the year ended on June 30, 2017. They will also conduct Board meeting to fix the date, time and record date of EGM.
- 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, 2016.
- Commencement of commercial operation of the new Cookies Line (Line-9)
With reference to their earlier news (disseminated by DSE on 04.05.2016) the Company has further informed that the new Cookies Line (Line-9) has been successfully installed and commissioned at Lolati Factory under Sonargaon Upazilla in Narayanganj district and commercial operation in the said line shall commence from May 02, 2017.
- Q3 Financials
(Q3 Un-audited): EPS was Tk. 2.26 for January-March, 2017 as against Tk. 2.16 for January-March, 2016; EPS was Tk. 6.44 for July, 2016-March, 2017 as against Tk. 5.96 for July, 2015-March, 2016. NOCFPS was Tk. 4.19 for July, 2016-March, 2017 as against Tk. 8.87 for July, 2015-March, 2016. NAV per share was Tk. 25.26 as of March 31, 2017 and Tk. 21.52 as of March 31, 2016.
- Board Meeting schedule under LR 16(1)
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 29, 2017 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, 2017.
- Commercial Operations of PET Sheet Forming
With reference to their earlier news (disseminated by DSE on 31.12.2015) regarding Commercial Operation of PET Sheet Forming and Tray Making Unit, the company has further informed that the PET Sheet Forming and Tray Making Unit has been successfully installed and commissioned at the FACTORY of the company and commercial operation has commenced in the unit from January 29, 2017.
- Q2 Financials
(Q2 Un-audited): EPS was Tk. 2.11 for October-December, 2016 as against Tk. 2.07 for October-December, 2015; EPS was Tk. 4.19 for July-December, 2016 as against Tk. 3.80 for July-December, 2015. NOCFPS was Tk. 2.81 for July-December, 2016 as against Tk. 6.59 for July-December, 2015. NAV per share was Tk. 23.00 as of December 31, 2016 and Tk. 19.24 as of December 31, 2015.
- Importing manufacturing lines, machineries & commencing construction
The Company has informed that the Board of Directors have taken the following decisions: 1. Import a noodles manufacturing line, complete with ancillary and packaging machinery from Japan at an estimated cost of Tk. 187.00 million to be funded by both the Company's own sources and bank financing. This line will have an estimated annual capacity of 9,000 metric tons,. Import a snacks manufacturing line, complete with ancillary and packaging machinery from India and China at an estimated cost of Tk. 77.00 million to be funded by both the Company's own sources and bank financing. This line will have an estimated annual capacity of 3,700 metric tons, Import a carton manufacturing line, complete with corrugation and printing machinery from China at an estimated cost of Tk. 120.00 million to be funded by both the Company's own sources and bank financing. This line will have an estimated annual capacity of 66.00 million cartons and will ensure uniformity in the quality of cartons and reduce the Company's dependence on external suppliers, Import a tunnel oven along with ancillary machines from India and China at an estimated annual cost of Tk. 72.00 million to be funded by both the Company's own sources and bank financing. This machinery will increase the Company's estimated annual capacity of bakery products by 1,800 metric tons and Commence construction of an 88,000 sqft. building and sub-station at its Kutubpur factory premises at an estimated cost of Tk. 250.00 million to be funded from the Company 's own sources. This building will provide space for the installation of new machinery for future projects
- Dividend Disbursement
The Company has informed that it has credited Bonus share to the respective shareholders' BO Accounts on January 03, 2017 and Cash dividend warrants have been dispatched for the year ended on June 30, 2016.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.