Lovello Ice-cream declares 16% dividend
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- Board proposes doubling authorised capital base
- Quarterly profit, EPS rise on sale
Taufika Foods and Lovello Ice-cream PLC has recommended a 16 percent dividend for the year ended June 30, 2025, comprising 11 percent cash and 5 percent stock, the company said in a price-sensitive information disclosure.
Last year, the company announced a 10 percent cash and 10 percent stock dividend.
This year's stock portion is aimed at converting retained earnings into paid-up capital to strengthen the company's capital adequacy, according to the disclosure.
The ice-cream maker's board has also proposed doubling its authorised capital to Tk 200 crore from Tk 100 crore, subject to approval from regulators and shareholders.
For FY25, Lovello reported a profit of Tk 15.39 crore, with earnings per share (EPS) of Tk 1.65, down from Tk 1.79 (restated) in FY24.
The company said the restatement reflected corrections under IAS 8, after liabilities and corresponding assets were not fully recorded in earlier years.
IAS 8 is the International Accounting Standard that governs how companies handle accounting policies, changes in accounting estimates, and the correction of prior-period errors.
Lovello's net operating cash flow per share (NOCFPS) stood at Tk 1.48, compared with Tk 2.70 (restated) in FY24.
In a separate disclosure, Lovello reported EPS of Tk 1.02 for July–September 2025, up from Tk 0.91 in the same period a year earlier.
The company said its net profit after tax rose 24 percent on the back of a 15 percent increase in sales.
Its NOCFPS for the quarter improved to Tk 2.43 from Tk 1.68.
As of September 30, 2025, sponsors and directors jointly held 38.66 percent of Taufika Foods and Lovello Ice-cream shares, while institutional investors owned 20.35 percent and the general public 40.99 percent, Dhaka Stock Exchange data shows.
Taufika Foods and Lovello Ice-cream, which markets its products under the Lovello brand, was incorporated as a private limited company on August 7, 2011, and its Lovello ice cream was commercially launched in 2016.