Earnings Report /
Bangladesh

Olympic Industries: Bottom-line fell amid commodity price upsurge; Reiterate Buy with updated TP

  • Topline grew by c7% YoY as revenue started to normalize from the higher base of the prior year

  • NPAT fell by c28% YoY as GPM dent, higher Selling expense/Sales and lower other income dragged down profit

  • Reiterate Buy with trimmed TP of BDT220 for June 2022, offering ETR of 37.6%

Auneea Haque
Auneea Haque

Research Associate

S. M. Galibur Rahman
IDLC Securities
19 November 2021
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