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 2024 (25).
- Share Transmission of Deceased Sponsor among his successors
The Company has informed that 11,037,939 shares of Late Mubarak Ali, a sponsor shareholder and former Managing Director of the company who passed away on 28.04.2023, will be transmitted among his successors according to the Succession Certificate issued by the Honorable Court. Name of the successors, relationship with deceased shareholder, position in the company and no. of shares to be received by each successor are as follows: (cont.) (cont. news of OLYMPIC) 1. Ms. Nasreen Mehboob Ali, Daughter, will receive 27,59,484 shares, 2. Ms. Shamsha N. Hashwani, Daughter, will receive 27,59,484 shares and 3. Mr. Munir Mubarak Ali, Son, a Director of the company, will receive 55,18,971 shares. (end)
- Resumption after Record date
Trading of the shares of the company will resume on 18.11.2024.
- Credit Rating Result
National Credit Ratings Limited has assigned the rating of the Company as "AAA" in the long term and "ST-1" in the short term along with Stable outlook based on audited financial statements as on June 30, 2024.
- Suspension for Record date
Trading of the shares of the company will remain suspended on the record date, i.e., 17.11.2024.
- Q1 Financials
(Q1 Un-audited): EPS was Tk. 2.83 for July-September 2024 as against Tk. 2.81 for July-September 2023; NOCFPS was Tk. 3.08 for July-September 2024 as against Tk. 4.42 for July-September 2023. NAV per share was Tk. 56.12 as on September 30, 2024 and Tk. 52.93 as on September 30, 2023. Reasons for deviation in NOCFPS: NOCFPS has decreased due to higher amount of payments to suppliers of materials as necessitated and also for higher amount of payments of advance income taxes in the prevailing situation.
- Spot News
Trading of the shares of the company will be allowed only in the Spot Market and Block transaction will also be settled as per spot settlement cycle with cum benefit from 13.11.2024 to 14.11.2024 and trading of the shares will remain suspended on record date i.e., 17.11.2024.
- 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, 2024 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended September 30, 2024.
- Dividend Declaration
The Board of Directors has recommended 10% Cash Dividend for the year ended June 30, 2024. Date of AGM: 12.12.2024, Time: 11:00 AM, Venue: Digital Platform. Record Date: 17.11.2024. The Company has also reported Basic and Diluted EPS of Tk. 9.17, NAV per share of Tk. 53.29 and NOCFPS of Tk. 18.76 for the year ended June 30, 2024 as against Tk. 7.78, Tk. 50.12 and Tk. 6.95 respectively for the year ended June 30, 2023.
- Price Limit Open
There will be no price limit on the trading of the shares of the Company today (28.10.2024) following its corporate declaration.
- Update of Information
The company has requested the shareholders to update their BOID's Bank A/C details along with Routing Number to get Dividend through BEFTN System as well as mailing address, mobile phone number, 12 digits e-TIN through their DP before the Record Date.
- 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 27, 2024 at 4:00 PM to consider, among others, audited financial statements of the Company for the year ended June 30, 2024.
- The company has informed that the Board of Directors of the company in its meeting held on October 05, 2024 has taken th
The company has informed that the Board of Directors of the company in its meeting held on October 05, 2024 has taken the following decisions: 1. Decision taken to purchase the Residential Plots bearing No. 6172/C, D, G, H measuring total 12.25 Kathas land at Block-N in Bashundhara Baridhara Residential Area, Dhaka-1229 in the name of Olympic Industries Limited at an agreed total price of Tk. 11,51,50,000/- (Taka eleven crores fifty-one lacs fifty thousand) i.e. Tk. 94,00,000 (cont.1)
- (Continuation news of OLYMPIC): per Katha from East West Property Development (Pvt.) Ltd., Dhaka. 2. Decision taken to p
(Continuation news of OLYMPIC): per Katha from East West Property Development (Pvt.) Ltd., Dhaka. 2. Decision taken to purchase 6.13 (six point thirteen) decimals land near the Biscuit and Confectionery Factory of the company at Mouza-Lolati, Union-kanchpur, P.S. & Upazila-Sonargaon in Narayangonj District for total consideration of Tk. 15,32,500/-(Taka fifteen lac thirty-two thousand five hundred) i.e. @ Tk. 2,50,000/- (Tk. two lac fifty thousand) per decimal (cont.2)
The first part of this announcement is missing from the archive. - Decision to purchase land(s)
(Continuation news of OLYMPIC): by becoming the successful highest bidder on August 03, 2022 for which Auction Notice was Published on June 08, 2022 in newspaper "Jai Jai Din" by Bank Asia Limited, Pragati Sarani Branch, Dhaka. Other than the cost of above land(s), Company shall also bear the entire registration cost including VAT, Tax, other government and misc. charges. (end)
The first part of this announcement is missing from the archive. - Regarding purchase and import of brand new capital machinery
The company has informed that the Board of Directors has taken the decision to purchase and import of Brand-New Capital Machinery for Snack Food Making Plant with Standard Accessories for making Chanachur having total Production Capacity of 6,600 Metric Tons annually, from M/s. Global Marketing Services, Calcutta, India for total US$ 18,85,250.00 equivalent to around Tk. 22,71,72,625.00 and installation and commissioning of the same at Company's Kutubpur Factory, under District- Narayangonj.
- Q3 Financials
(Q3 Un-audited): EPS was Tk. 2.12 for January-March 2024 as against Tk. 2.04 for January-March 2023; EPS was Tk. 7.88 for July 2023-March 2024 as against Tk. 7.30 for July 2022-March 2023. NOCFPS was Tk. 8.17 for July 2023-March 2024 as against Tk. 5.85 for July 2022-March 2023. NAV per share was Tk. 52 as on March 31, 2024 and Tk. 49.63 as on March 31, 2023.
- Buy Confirmation of a Sponsor Director
Mr. Aziz Mohammad Bhai, a Sponsor Director of the company, has completed his buying of 27,00,000 shares of the company at prevailing market price through Dhaka Stock Exchange PLC. (DSE) as per declaration disseminated on 04.03.2024.
- 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, 2024 at 03:00 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended March 31, 2024.
- Confirmation of share transfer by a Director
Mrs. Nurjehan Hudda, a Director of the company, has further informed that she has completed her transfer of 2,526,315 shares of the company to her son El Edross Hudda (General Shareholder of the company), by way of gift outside the trading system of the Exchange as per declaration disseminated by DSE on 04.03.2024.
- Declaration of share transfer by a Director
Mrs. Nurjehan Hudda, a Director of the company, has expressed her intention to transfer a total of 2,526,315 shares (5,00,000 shares, 6,86,778 shares and 13,39,537 shares respectively from three separate BO IDs) of the company to her son El Edross Hudda (General Shareholder of the company), by way of gift outside the trading system of the Exchange within next 30 working days from the date of issuance of DSE approval letter dated 20.02.2024.
- Buy Declaration of a Sponsor Director
Mr. Aziz Mohammad Bhai, a Sponsor Director of the company, has expressed his intention to buy 27,00,000 shares of the company at prevailing market price (in the Public Market) through Dhaka Stock Exchange PLC. within next 30 working days as per Rule-4 of the BSEC (Ullekhzogyo Sonkhyok Share Orjon, Odhigrohon o Kortritto Grohon) Bidhimala, 2018.
- Q2 Financials
(Q2 Un-audited): EPS was Tk. 2.96 for October-December 2023 as against Tk. 2.93 for October-December 2022; EPS was Tk. 5.76 for July-December 2023 as against Tk. 5.26 for July-December 2022. NOCFPS was Tk. 4.40 for July-December 2023 as against Tk. 4.49 for July-December 2022. NAV per share was Tk. 49.88 as on December 31, 2023 and Tk. 47.60 as on December 31, 2022.
- Board decision to purchase land
The company has informed that the Board of Directors of the company has decided to purchase 54 Plots measuring three Kathas each altogether 162 Kathas land under Block-I-8, Road Nos. 7 and 8 in Purbachal Probashi Palli Land Project in the name of Olympic Industries Limited at an agreed total price of Tk. 8,91,00,000/- i.e., Tk. 5,50,000/- per Katha from Purbachal Probashi Palli Limited, Dhaka. Olympic Industries Limited shall also bear the total registration costs inclusive of VAT, Tax and other Charges.
- Dividend Disbursement
The Company has informed that it has disbursed the Cash Dividend for the year ended June 30, 2023 to the respective shareholders.
- 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 January 29, 2024 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended December 31, 2023.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.