Annual Report 2014 of Olympic Industries Limited

It is a broadly described annual report of Olympic Industries Limited in the year of 2014. In the fiscal year, 2013-2014, biscuit and confectionery sales were 58,956 MT as compared to 50,913 MT in the fiscal year 2012-2013, representing a 16% year-over-year increase. This unit’s turnover was Tk. 7.39 billion in the fiscal year 2013-2014, representing a 14% increase from Tk. 6.50 billion a year ago. In the fiscal year 2013-2014, dry-cell battery sales were 46.85 million pieces, as compared to 46.54 million in the fiscal year 2012-2013, representing a slightly less than 1% year-over-year increase. This unit’s turnover this year was Tk. 335.11 million as compared to Tk. 327.90 million a year ago, representing a 2.2% year-over-year increase. In the fiscal year 2013-2014, Olympic sold 61.92 million pieces ballpoint pen as compared to 82.49 million a year ago, representing a decline of 24.93%. This unit’s turnover was BDT 197.74 million in the fiscal year 2013-2014 as compared to BDT 263.09 a year ago. Ballpoint pen sales, in the fiscal year 2012-2013, were 2.50% of total sales, representing a decrease of 3.72% a year ago.

The Board of Directors of your company is pleased to recommend 20% Cash Dividend i.e. Tk.2.00 (Taka two) for every Ordinary Share of Tk.10.00 and 35% Stock Dividend i.e. 35 (thirty-five) fully paid Ordinary Shares as Bonus Share for every 100 (one hundred) Ordinary Shares for the year ended June 30, 2014. These financial statements are presented in Bangladesh Taka (Taka/Tk), which is both functional currency and presentation currency of the Company.

More Annual Report of Olympic Industries Limited: