The Financial Express

Olympic Industries recommends 52pc cash dividend

| Updated: October 29, 2020 11:28:33

Olympic Industries recommends 52pc cash dividend

The board of directors of Olympic Industries Ltd has recommended a 52 per cent cash dividend for the year ended on June 30, 2020.

The annual general meeting (AGM) will be held on December 24 at 10:00 am and the venue will be notified later, according to an official disclosure on Wednesday.

The record date is November 26.

The company’s net profit jumped 8.02 per cent to Tk 2.02 billion for the ended on June 30, 2020 compared to the previous year.

The company has also reported EPS of Tk. 10.13, NAV per share of Tk. 41.22 and NOCFPS of Tk. 8.84 for the year ended on June 30, 2020 as against Tk. 9.36, Tk. 36.09 and Tk. 10.54 respectively for the same period of the previous year.

There will be no price limit on the trading of the shares of the Company today (28.10.2020) following its corporate declaration, however, as per the BSEC Order dated March 19, 2020, the floor price shall be applicable accordingly.

In 2019, the company disbursed 50 per cent cash dividend.

Each share of the company, which was listed on the Dhaka bourse in 1989, closed at Tk 172 on Tuesday at the Dhaka Stock Exchange (DSE).

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

The sponsor-directors own 27.73 per cent stake in the company, while the institutional investors own 16.97 per cent, foreign 39.73 per cent, and the general public 15.57 per cent as on September 30, 2020, the DSE data shows.

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