The board of directors of Olympic Industries has decided to import capital machinery worth an aggregate amount of Tk 136.87 million for enhancing production capacity.
The company will import a wafer manufacturing line, complete with ancillary machinery, from Franz Haas Waffelmaschinen Gmbh, Austia, at an estimated cost of Tk 125.45 million, according to a disclosure posted on the Dhaka Stock Exchange on Sunday.
The company will fund by its own sources and bank financing.
The line will be installed at the company’s Lolati factory premises and will have an estimated annual capacity of 1,800 metric tons.
The company will also import a toffee manufacturing line, complete with ancillary and packing machinery, from India, at an estimated cost of Tk11.42 million to be funded by 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 tons.
Each share of the company, which was listed on the Dhaka Stock Exchange (DSE) in 1989, closed at Tk 204.50 on Thursday last.
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.
The sponsor-directors own 27.77 per cent stake in the company, institutional investors 13.69 per cent, foreign 43.33 per cent and the general public 15.21 per cent as on August 31, 2018, the DSE data shows.
