Taufika Foods and Agro Industries Limited’s (LOVELLO Ice Cream) profit increased by 154 percent

Press Release

31st May, 2021 06:52:43 PM printer

Taufika Foods and Agro Industries Limited’s (LOVELLO Ice Cream) profit increased by 154 percent

The net profit after tax (NPAT) of Taufika Foods and Agro Industries Limited has increased by 154% during the 3rd quarter of the current fiscal year as against NPAT of corresponding period of the last fiscal year.

The above information is based on the unaudited financial report of the 3rd quarter (January '21-March '21) as published by Taufika Foods and Agro Industry Ltd, a food and allied company listed in the stock exchange, and which is engaged in the business of manufacturing and distribution of LOVELLO ice-cream. The Board of Directors of the company in a meeting, held on Sunday reviewed and approved the financial report for the 3rd quarter of the current fiscal year.

The company's net profit after tax in the 3rd quarter was Tk.1 crore 92 lakh 39 thousand 635, as against Tk.75 lakh 64 thousand 262 of the corresponding period of the last fiscal year. So, the company's profit has increased by Tk.1 crore 16 lakh 75 thousand 372 or 154%. The company's earnings per share (EPS) for the period under review was Tk.0.26, which was Tk.0.14 in during corresponding period of the last fiscal year. The earnings per share has increased by 86%.

On the other hand, in the 1st nine months of the current financial year (July-March), the company's net profit after tax was Tk.4 crore 66 lakh 35 thousand 10, which was Tk.3 crore 96 lakh 50 thousand 508 during the 1st nine months of the last fiscal year. Consequently, the company's profit has increased by Tk.69 lakh 84 thousand 501 or 17.62% during the period under consideration.

Accordingly, the company's EPS for the 1st nine months was Tk.0.76 as against Tk.0.72 in the corresponding period of the last fiscal year.

At the end of March 31, 2021, the company's net asset value per share (NAVPS) stood at Tk.12.05.


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