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OLYMPIC

All Eps Dividend Board Agm Q1 Q2 Q3

OLYMPIC 25-Jan-2022

As per Regulation 16(1) of the Dhaka Stock Exchange (Listing) Regulations, 2015, the Company has informed that a meeting of the Board of Directors will be held on January 30, 2022 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended December 31, 2021.

ঢাকা স্টক এক্সচেঞ্জ (লিস্টিং) রেগুলেশন, 2015 এর রেগুলেশন 16(1) অনুসারে, কোম্পানি জানিয়েছে যে 30 জানুয়ারী, 2022 তারিখে বিকাল 3:00 টায় পরিচালনা পর্ষদের একটি সভা অনুষ্ঠিত হবে, অন্যান্যগুলির মধ্যে বিবেচনা করার জন্য, ৩১ ডিসেম্বর, ২০২১ তারিখে শেষ হওয়া দ্বিতীয় ত্রৈমাসিকের (Q2) সময়ের জন্য কোম্পানির অনিরীক্ষিত আর্থিক বিবৃতি।

OLYMPIC 25-Nov-2021

(OLYMPIC Cont.): At full capacity utilization, which we anticipate will take 3 to 4 years, Cup Cake Line will generate approximately Tk. 76.02 crore of annual turnover. On the basis of existing average net profit rate of 11.30%, as per June 30, 2021 audited financial statements, at full capacity utilization, it is estimated that this line will generate approximately Tk. 8.59 crore of annual net profit. (end)

OLYMPIC 25-Nov-2021

Reference to the companys news dated on 23.11.2021, the company has further informed that out of total investment of Tk. 25,65,50,000/, a total of Tk. 17,50,00,000/- is for construction related works. The investment on this BMRE will also increase its safety and future value. Another Tk. 1,66,50,000/- will be used for enhancement of Carton Production which is our packing material and not sold externally. The remaining balance of Tk. 6,49,00,000/ will be spent to set up Cup Cake making line. (Cont.)

OLYMPIC 23-Nov-2021

(Continuation news of OLYMPIC): The Line will be set-up at Lolati factory at a total investment requirement in First Phase of Tk. 6,49,00,000.00 which will also be met based on time of requirement. The total fund requirement for above four works will be Tk. 25,65,50,000.00 which will be met gradually from own sources of the company and/or Working Capital financing. (end)

OLYMPIC 23-Nov-2021

(Continuation news of OLYMPIC): 4) To import Cup Cake Making Line for production of Plain Cake (capacity 475.20 lac pieces per annum) and Custard Cake (capacity 316.80 lac pieces per annum) alongwith Packing Line, Nitrogen Generator, Metal Detector and other items from China, at an estimated total cost of Tk. 5,47,20,000.00 and local cost of around Tk. 1,01,80,000.00 including costs of making Clean Room, procurement of various Utility items, Contingencies, etc. (cont. 4)

OLYMPIC 23-Nov-2021

(Continuation news of OLYMPIC): 3) Enhancement of production capacity of Corrugated Carton Unit at Kutubpur from 6-6.50 million Cartons to approx. 8.00 million Cartons per month by importing one set each of Bailing Press, High Speed Printer Slotter and Fork Lift from China. The estimated investment requirement for these works will be total Tk. 1,66,50,000.00 which will be met based on time of requirement. (cont. 3)

OLYMPIC 23-Nov-2021

(Continuation news of OLYMPIC): 2) To undertake First Phase extension works at an estimated total cost of Tk. 8,50,00,000.00 to construct a 5-storey building with 14,600 sft. area in each floor i.e. total 73,000 sft. floor area and to undertake extension of 7,300 sft. area Tin Shed on Ground Floor for Carton and Snacks Units at Kutubpur to meet the shortage of storage space to keep raw materials, packing materials and finished goods as-well-as for storage of Craft Paper and Finished Cartons. (cont. 2)

OLYMPIC 23-Nov-2021

The Company has informed that the Board of Directors has taken following decisions: 1) To undertake land development of and to construct Boundary Wall, Main Gate, Security Guards Room and Internal Road on newly purchased land at Lolati at an estimated total cost of Tk. 9,00,00,000.00 which includes Designing charges and Contingencies of around total Tk. 33,62,000.00. (cont. 1)

OLYMPIC 18-Nov-2021

Trading of the shares of the Company will resume on 21.11.2021 after record date.

OLYMPIC 17-Nov-2021

Trading of the shares of the Company will remain suspended on record date i.e., 18.11.2021.

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