Olympic Industries has decided to purchase five plots of land in Narayanganj for future expansion.
In a meeting held on April 30, the company’s board approved the acquisition of a total of 503.5 decimals of land at a combined cost of Tk 22.25 crore.
The lands are situated in different areas of Narayanganj, according to a Dhaka stock exchange disclosure (DSE) today.
The largest plot, 404 decimals, will be bought in Rupganj at a price of Tk 18.18 crore, which comes to Tk 4.5 lakh per decimal.
The remaining lands are located near the company’s Lolati factory.
These include: 35.5 decimals under Lolati at a cost of Tk 1.59 crore and 20.5 decimals under the same mouza for Tk 82 lakh.
The rest include 2.5 decimals also in Lolati for Tk 10 lakh and 41 decimals in Changain for Tk 1.56 crore.
All purchases will be made in the name of Olympic Industries, and the company will also bear the associated registration costs, including VAT, tax, and other charges, the company said in the disclosure.
In a separate filing, the company reported a net profit of Tk 42.98 crore for the January-March quarter of 2025, marking a year-on-year increase of slightly more than 1 percent.
Its earnings per share stood at Tk 2.15 for the third quarter, up from Tk 2.12 in the same period a year ago.
For the nine-month period from July 2024 to March 2025, the company’s EPS rose to Tk 7.97 from Tk 7.88 a year earlier.
The company’s net operating cash flow per share improved to Tk 8.95 during the nine-month period, compared to Tk 8.17 in the same stretch of the previous fiscal year.
