Announces purchase of additional land for factory extensionOlympic Industries, the maker of the popular Energy Plus biscuit, is going full steam ahead with its expansion plans. “Since the demand for our products is increasing day by day, we are planning on expanding our production lines and introducing more food products,” Mubarak Ali, managing director of Olympic Industries, earlier told Dhaka Tribune. Olympic Industries, which benefitted from consumers’ appetite for munching on biscuits while stuck at home, has turned in back-to-back profitable quarters at a time when most are floundering. Its sales between April and September stood at Tk 859.3 crore, up 19.7 per cent from a year earlier. Shares of Olympic Industries, which got listed in 1989, closed at Tk 185.6 yesterday, down about 0.8 per cent from the previous day.

Source: Dhaka Tribune December 22, 2020 18:45 UTC