Olympic Industries reports slight growth in Q2 profit

Staff Reporter :

Olympic Industries’ profit rose marginally in the second quarter of fiscal year 2024-25 while its revenue increased riding on strong sales.
The company reported a net profit of Tk 59.89 crore in Q2, marking a marginal 1 percent year-on-year growth, according to the company’s financial statement.
Its revenue for the first six months of the fiscal year stood at Tk 1,490 crore, reflecting a 15.89 percent increase from the same period a year ago.
The company attributed this growth to effective management strategies aimed at boosting sales. Olympic Industries maintained a net profit of Tk 116.31 crore in the first half of the fiscal year, slightly up from Tk 115.22 crore in the corresponding period of the previous year.