Annual Report 2010 of Olympic Industries Limited

It is a broadly described annual report of Olympic Industries Limited in the year of 2010. During the fiscal year ended June 30. 2010. Olympic Industries Limited contributed Tk. 317,940,645 to the National Exchequer in the form of value-added tax, income tax. Customs, duties, and other levies which equate to 13% of the annual net turnover of the company. Net turnover from biscuit and confectionery unit represented 87.7% of total company turnover this year as compared to 85.9% for the previous year. Dry-cell battery soles for the fiscal year ended June 30, 2010, generated the net turnover of Tk. 178.5 million, which represents a 0.4% increase year-over-year: a total of 23.7 million pieces were sold as compared to 23.2 million pieces during the same period last year. Net profit before tax for the battery unit was Tk. 17.1 million which is 67% higher than Tk. 10.25 million, as reported a year earlier. The ballpoint pen unit produced 38.86 million ballpoint pens this fiscal year, as compared to 34.51 million in the previous fiscal year under Tripti.

The board of directors is pleased to recommend 10% cash dividend and 50% stock dividend for the year ended June 30, 2010.

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