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SAM

Published:
2018-10-01 12:36:02 BdST

Olympic industries to import cap machinery


PRESS RELEASE

The board of directors of Olympic Industries has decided to import capital machinery worth Tk 136.87 million for enhancing the production capacity.

The company will import a wafer manufacturing line, complete with ancillary machinery, from Franz Haas Waffelmaschinen Gmbh, Austria, at an estimated cost of Tk 125.45 million, according to a disclosure posted on the DSE website on Sunday.

The line will be installed at the company's Lolati factory premises and will have an estimated annual capacity of 1,800 metric tonnes after installation.

The company will also import a toffee manufacturing line, complete with ancillary and packing machinery, from India, at an estimated cost of Tk 11.42 million to be funded from the company's own sources and bank financing.

The line will be installed at the company's Madanpur factory premises and will have an estimated annual capacity of 1,800 metric tonnes after installation.

Each share of the company, which was listed on the DSE in 1989, closed at Tk 205, advancing 0.24 per cent over the previous session. The company's share traded between Tk 185 and Tk 296 each last year.

The food & allied sector company disbursed 45 per cent cash dividend for the year ended on June 30, 2017.

The company's earnings per share (EPS) stood at Tk 6.71 in nine months for July 2017-March 2018 as against Tk. 6.44 for July 2016-March 2017.

The net operating cash flow per share (NOCFPS) was Tk 2.62 for July 2017-March 2018 as against Tk 4.19 for July 2016-March 2017. The net asset value (NAV) per share was Tk 29.28 as on March 31, 2018 and Tk 25.26 as on March 31, 2017.

The company's paid-up capital is Tk 1.99 billion and authorised capital is Tk 2.0 billion, while the total number of securities is 199.93 million.

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