Taufika Foods and Lovello Ice-Cream PLC, popularly known as Lovello, has recommended a 10% cash dividend for FY2025-26, amounting to Tk6.69 crore for its general shareholders.
As per disclosure published on the stock exchanges website today (8 November), the company reported its earnings per share (EPS) surged by 61% to Tk2.53, which was Tk1.57 restated in the previous fiscal year.
In the previous year, Lovello paid a total 16% dividend combined with 11% cash and 5% stock dividend for its shareholders.
Following the disclosure, Lovello’s shares price fell 2.52% to Tk46.50 each at the Dhaka Stock Exchange (DSE).
In the disclosure, Lovello said its sponsor-directors, who own 3.12 crore will not be entitled to the declared cash dividend, only general shareholders, owning 6.69 crore shares of the company will be entitled for the declared dividend.
The Company reported a net operating cash flow per share of Tk7.34 for the year ended on 30 June, and the net asset value per share of Tk12.92.
At the same time of the previous fiscal year, its net cash flow per share was Tk3.28 and net asset value per share Tk11.44 at the end of June 2025.
The annual general meeting (AGM) is scheduled on 29 December through the digital platform and to identify its shareholders, the record date has been fixed on 30 November.
Lovello got listed on the stock exchange in 2021 raising Tk30 crore from the capital market.
Out of the IPO fund, Lovello had planned to invest Tk9.04 crore for acquiring a plant and machinery, Tk5.78 crore for freezers, and Tk2.06 crore for vehicle purchase.
Also, the company had invested Tk1.32 crore for capacity expansion of its depot and Tk9 crore to repay bank loans. The remaining Tk2.8 crore was used to meet IPO costs.
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