Olympic Industries has decided to purchase 138.08 decimals of land in Narayanganj for Tk3.38 crore to accommodate future operational expansion, as the biscuit maker reported a slight decline in annual earnings per share (EPS).
The company’s board approved the purchase of 68.50 decimals of land in Madanpur from Anower Hossain and Ibrahim Prodhan for Tk1.64 crore and another 69.58 decimals from Salim Ahmmed Gong for Tk1.74 crore, according to disclosures on the Dhaka Stock Exchange (DSE) on Sunday.
Olympic Industries will also bear registration fees, value-added tax (VAT), other taxes and associated charges.
The company recommended a 35 per cent cash dividend for the financial year ended 30 June 2026, while its basic and diluted EPS fell by Tk0.06 to Tk10 from Tk10.06 a year earlier.
Its net asset value (NAV) per share rose by Tk7 to Tk69.35 from Tk62.35, while net operating cash flow per share (NOCFPS) increased by Tk0.34 to Tk11.79 from Tk11.45 during the same period.
The company’s annual general meeting (AGM) is scheduled for 30 November, with the record date set for 4 November.
Olympic Industries’ shares, with a face value of Tk10 each, closed 1.47 per cent lower at Tk141 on the Dhaka Stock Exchange on Sunday.
