Lovello calls board meetings to announce annual financials, dividends
Taufika Foods and Lovello Ice-Cream, a food and allied sector company with trading code LOVELLO, has called board of directors' meetings to announce its annual and quarterly financials for the second half of last fiscal year (FY25), ended 30 June 2025, and the first quarter of FY26.
The board will not only approve the annual financials but also release the overdue third-quarter results for March 2025, as well as the first-quarter financials for the current 2025-26 fiscal year.
In separate disclosures on the stock exchanges' website, the listed firm announced the board meeting for FY25 to be held on 11 October.
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According to the company, it has only published its half-yearly financials up to December 2024. Its third-quarter financial publication has become due, and it is in non-compliance with the listing regulations of the stock exchanges.
It announced that its board of directors meeting to be held on 9 October to consider, among others, unaudited financial statements of the company for the third quarter (Q3) period ended 31 March.
While its board meeting is to be held on 11 October to consider, among others, unaudited financial statements for the first quarter (Q1) period ended 30 September 2025.
Its half-yearly report showed that it had reported a significant growth in its sales to Tk74 crore, and net profit of Tk12.92 crore, which was Tk42.56 crore and Tk4.83 crore respectively in the same period of the previous fiscal year.
In FY24, it had paid a 10% cash dividend to its shareholders.
