Taufika Foods & Lovello Ice-Cream to Address Q3 FY25 Financials, Dividend in Upcoming Board Meetings
Taufika Foods and Lovello Ice-Cream are set to hold a board meeting on 9 October to discuss their unaudited financials for the third quarter of FY25. The company has reported significant sales growth, with revenues reaching Tk74 crore in the first half of the fiscal year. However, the company has not yet published its Q3 FY25 financials, leading to non-compliance with stock exchange regulations.
The board meeting will consider the unaudited financials, which will be reviewed by the independent auditing firm Deloitte. The company's net profit for the period was Tk12.92 crore, a substantial increase from Tk4.83 crore in the previous fiscal year. Taufika Foods and Lovello Ice-Cream have also announced that they will pay a 10% cash dividend to shareholders for FY24.
The company will also hold a board meeting on 11 October to approve its FY25 annual financials and release the overdue Q3 FY25 results. This meeting will also consider the Q1 FY26 financials.
Taufika Foods and Lovello Ice-Cream's board meetings on 9 and 11 October will address the company's financial performance and compliance with stock exchange regulations. The company's significant sales growth and increased net profit indicate a strong financial position, while the upcoming dividend payment reflects its commitment to shareholders.
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