Olympic accessories revenue rose 53 percent

Senior Reporter: In the third quarter (January-March) of the current 2020-21 financial year, the revenue of Olympic accessories has increased by 53 percent. However, the company’s after-tax loss increased by 26 percent during the period under review. The company’s board has approved the unaudited financial report for the third quarter of the current financial year (January-March) at a meeting held yesterday afternoon.

According to the report, the company’s revenue in the third quarter of the current financial year was 20 crore 4 lakh 75 thousand 46 taka, which was 13 crore 13 lakh 41 thousand 138 taka in the same period of the previous year.

As a result, the company’s revenue has increased by 8 crore 91 lakh 44 thousand 350 taka or 53 percent in the current financial year. But the company’s after-tax loss during the period under review was 1 crore 99 lakh 12 thousand 500 rupees, the loss was 1 crore 57 lakh 36 thousand 81 rupees in the same period of the previous financial year.

According to him, the company’s loss has increased to 42 lakh 74 thousand 739 taka or 26 percent during the period under discussion. The company reported a loss of 12 paise per share in the third quarter, up from 9 paise in the same period last year.

On the other hand, in the first nine months of the current financial year (July-March), the company’s revenue has been 32 crore 22 lakh 75 thousand 606 taka, which was 35 crore 35 lakh 30 thousand 7 taka in the same period of the previous financial year. As a result, the company’s revenue has decreased by 3 crore 12 lakh 45 thousand 57 taka or 9 percent.

The company has incurred a post-tax loss of Tk 5 crore 8 lakh 21 thousand 46 during the period under review, which was Tk 8 crore 23 lakh 71 thousand 37 during the same period of the previous financial year. As a result, the company’s loss has decreased by 1 crore 57 lakh 39 thousand 69 taka or 22 percent. The company lost 33 paise per share during the period under review, up from 43 paise in the same period last year.

At the end of the current financial year, March 31, 2021, the company’s net asset value per share (NAVPS) stood at 13 rupees 74 paise.


Source: Daily StockBangladesh by www.dailystockbangladesh.com.

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