Annual Report 2015 of Olympic Industries Limited

It is a broadly described annual report of Olympic Industries Limited in the year of 2015. During the financial year ended June 30, 2015, Olympic Industries Limited contributed Tk. 1,672,137,930.60 to the National Exchequer in the form of Value Added Tax, Advance Income Tax, Local Purchase VAT, Service VAT and Customs Duty, which equates to 18.59% of the annual net turnover of the company. In the fiscal year, 2014-2015, biscuit and confectionery sales were 65,734 metric tons as compared to 58,956 metric tons in the fiscal year 2013-2014, representing a year-over-year increase of 11.50% in volume. While volume grew 11.50%, biscuit and confectionery revenue was Tk. 8.55 billion as compared to Tk. 7.39 billion a year ago, representing an increase of 15.77%. In the fiscal year 2014-2015, dry-cell battery sales were 41.82 million pieces, as compared to 46.85 million pieces in the fiscal year 2013-2014, representing a 10.74% decrease year-over-year. This unit’s turnover this year was Tk. 298.51 million, as compared to Tk. 335.11 million a year ago, representing a 10.92% decrease. In the fiscal year 2014- 2015, Olympic sold 43.21 million pieces ballpoint pen as compared to 61.92 million a year ago, representing a 30.21% decrease year-over-year. This unit’s turnover was Tk. 142.72 million in the fiscal year 2014-2015 as compared to Tk. 197.74 million a year ago. Ballpoint pen sales, in the fiscal year 2014-2015, were 1.58% of total sales, as compared to 2.50% a year ago, primarily resulting from the robust growth of our biscuit and confectionery sales.

The board of directors of Olympic Industries Limited is pleased to recommend 30% Cash Dividend i.e. Tk. 3.00 (Taka three) for every Ordinary Share of Tk. 10.00 and 20% Stock Dividend i.e. 20 (twenty) fully paid Ordinary Shares as Bonus Shares for every 100 (one hundred) Ordinary Shares for the year ended June 30, 2015.

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