Taufika Foods makes Tk 12.16cr profit in 2021-22

Taufika Foods and Lovello Ice-cream PLC made a profit of Tk 12.16 crore in the financial year that ended on June 30. 

The profit was up 1.4 per cent from Tk 11.99 crore the ice-cream manufacturer clocked in 2020-21.

The company reported earnings per share of Tk 1.43 for 2021-22, which was Tk 1.41 a year earlier.

Taufika Foods' net asset value per share rose to Tk 12.90 in the last financial year from Tk 12.57 a year ago, while the net operating cash flow per share slipped to Tk 2.10 from Tk 2.55.

The board of directors has recommended a 12 per cent cash dividend for 2021-2022, according to a filing on the Dhaka Stock Exchange (DSE) yesterday.

Taufika Foods was commercially launched on February 14 of 2016 and its factory is located in Bhaluka, Mymensingh. Shares of the company rose 1.05 per cent on the DSE yesterday.