Olympic Industries reports 16% revenue surge from Jul-Dec
Olympic Industries, the country's leading branded biscuit manufacturer, has reported a 15.89% growth in revenue in the first half of the current fiscal year compared to the same period of the previous fiscal year.
Its profit grew by 0.93%, reaching Tk116.31 crore, according to its half-yearly financials. Its earnings per share (EPS) stood at Tk5.82.
Regarding its revenue boosts, the biscuit maker said its revenue increased by 15.89% during the period, mainly due to effective measures taken by the management to boost sales.
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According to its report, its operating expenses—administrative and selling expenses—increased by 34.38% to Tk239.95 crore in the first half of FY25.
During the July to December period, its revenue jumped to Tk1,490 crore, up from Tk1,285 crore in the first half of the previous fiscal year.
However, in the second quarter, during the October to December quarter, its revenue grew by 12.90% to Tk736.67 crore, and profit after tax by 1.23% to Tk59.83 crore.
