Olympic Industries to invest Tk 13.66 crore in chocolate manufacturing plant

Olympic Industries, the country's leading biscuit and confectionery maker, will invest Tk 13.66 crore to procure capital machinery for a multi-functional chocolate plant, the company said today.

The plant, with an annual production capacity of 3,300 tonnes, will be installed and commissioned at Olympic's Lolati factory in Sonargaon, Narayanganj, on the outskirts of Dhaka, according to a price-sensitive disclosure on the Dhaka Stock Exchange (DSE) website citing a board decision.

Shares of Olympic rose 0.34 percent to Tk 148.60 in mid-day trading today on the DSE.

The company reported a marginal increase in profit, posting Tk 59.89 crore in the second quarter of the 2024-25 financial year, up 1 percent year-on-year, according to its financial statement.