Lovello posts Tk20.93cr profit in half-year
Tawfika Foods and Lovello Ice Cream, a listed company on the stock exchanges, reported that its net profit grew to Tk20.93 crore in the first half of the current fiscal year, marking a 62% year-on-year growth.
The company's net profit in the October-December quarter surged 119% to Tk11.41 crore.
Following the quarterly earnings despite growth in its profitability, its shares price fell by 1.54% to Tk70.10 each at the Dhaka Stock Exchange (DSE).
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Its diluted earnings per share (EPS) in the first half stood at Tk2.13, and in the Q2 at Tk1.16, which was Tk1.38, and Tk0.56 respectively in the same time of the previous fiscal year.
Regarding the significant variation in EPS, Lovello said its net profit increased 62% compared as the sales increased 29%.
The diluted net operating cash flow per share significantly jumped to Tk4.48, up from Tk1.78 in the same time of the previous fiscal year meaning that its cash inflow increased significantly.
While its net asset value increased by around Tk10 crore to Tk122.91 crore at the end of December, which was Tk112.27 crore at the end of June 2025, its quarterly report showed.
Lovello has paid a 16% dividend combining of 11% cash dividend and a 5% stock dividend for the fiscal year ending 30 June 2025 as part of its continued efforts to reward shareholders despite a modest drop in annual earnings.
At the end of FY25, the company reported earnings per share (EPS) of Tk1.65, in comparison, the restated EPS for FY24 were Tk1.79.
In the same meeting, the board proposed to increase the company's authorised capital from Tk100 crore to Tk200 crore, subject to approval from shareholders and regulators at the upcoming AGM.
In a recent disclosure, Taufika Engineering placement holders declared to have sold 5 lakh shares to Taufika Foods.
Md Ekramul Haque, a sponsor-director of Taufika Foods expressed his intention to transfer 25 lakh shares of the company to his brother Md Zahedul Haque, a general shareholder of the company by way of gift outside the trading system of the stock exchanges within 30 working days.
