Taufika Foods and Lovello Ice-cream PLC announcements
120 Dhaka Stock Exchange announcements for Taufika Foods and Lovello Ice-cream PLC (LOVELLO) since 2021: results, dividends, board meetings, AGMs, record dates and other price-sensitive information. Showing 2024 (29).
- Board decision to purchase shares of Sharika Foods & Amandala Limited
The company has informed that the Board of Directors of the company has approved a proposal to purchase shares equal to 50% of the paid-up capital of Sharika Foods & Amandala Limited. The company wants to purchase 5 lakh shares @Tk. 10 each which is equal to 50% of the current paid-up capital of Sharika Foods & Amandala Limited. The acquisition cost of purchasing 5 lakh shares is Tk. 50,00,000.00 which will be funded from the earnings of the company. (cont.) (Cont. News of LOVELLO): The company will implement the decision to purchase the said amount of shares of Sharika Foods & Amandala Limited after obtaining the consent of the shareholders of the upcoming 13th Annual General Meeting (AGM). (end)
- Credit Rating Result
ARGUS Credit Rating Services Limited (ACRSL) has announced the rating of the Company as "A" in the long term and "ST-2" in the short term along with a Stable outlook in consideration of audited financials of the Company up to June 30, 2023 and unaudited financial up to March 31, 2023 and other relevant quantitative as well as qualitative information up to the date of rating declaration.
- Resumption after Record date
Trading of the shares of the company will resume on 11.11.2024.
- Suspension for Record date
Trading of the shares of the company will remain suspended on record date i.e., 10.11.2024.
- Spot News
Trading of the shares of the company will be allowed only in the Spot Market and Block transaction will also be settled as per spot settlement cycle with cum benefit from 06.11.2024 to 07.11.2024 and trading of the shares of the company will remain suspended on record date i.e., 10.11.2024.
- Q1 Financials
(Q1 Un-audited): EPS was Tk. 0.91 for July-September 2024 as against Tk. 0.32 for July-September 2023; NOCFPS was Tk. 1.68 for July-September 2024 as against Tk. 0.98 for July-September 2023. NAV per share was Tk. 14.28 as on September 30, 2024 and Tk. 13.37 as on June 30, 2024. During the period ended September 2024, Net profit after Tax increased by 186% compared to the period of the last financial year as the sales increased 48%. So, EPS has increased as compared to the 1st Quarter of the last FY.
- The Board of Directors has recommended a total of 20\% dividend (Cash Dividend @ 10\% and Stock Dividend @ 10\%) for the
The Board of Directors has recommended a total of 20\% dividend (Cash Dividend @ 10\% and Stock Dividend @ 10\%) for the year ended June 30, 2024. Date of AGM: 30.12.2024, Time: 11:30 AM, Venue: Hybrid System in combination of physical and digital presence; Record Date: 10.11.2024. (cont.1)
- (Continuation news of LOVELLO): The Company has also reported EPS of Tk. 1.43, NAV per share of Tk. 13.37 and NOCFPS of
(Continuation news of LOVELLO): The Company has also reported EPS of Tk. 1.43, NAV per share of Tk. 13.37 and NOCFPS of Tk. 4.16 for the year ended June 30, 2024 as against Tk. 1.24, Tk. 12.94 and Tk. 2.11 respectively for the year ended June 30, 2023. Disclosure on recommendation of stock dividend: i. Stock dividend has been recommended with a view to utilize its retained amount as paid-up capital for improving the capital adequacy of the Company. (cont.2)
The first part of this announcement is missing from the archive. - Dividend Declaration
(Continuation news of LOVELLO): ii. Stock dividend has been declared out of accumulated profit and iii. Stock dividend has not been declared from capital reserve or revaluation reserve or any unrealized gain or out of profit earned prior to incorporation of the Company or through reducing paid up capital or through doing anything so that the post dividend retained earnings become negative or a debit balance. (end)
The first part of this announcement is missing from the archive. - Price Limit Open
There will be no price limit on the trading of the shares of the Company today (20.10.2024) following its corporate declaration.
- Board Meeting schedule under LR 16(1)
As per Regulation 16(1) of the Dhaka Stock Exchange (Listing) Regulations, 2015, the Company has informed that a meeting of the Board of Directors will be held on October 20, 2024 at 3:30 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended September 30, 2024.
- Board Meeting schedule under LR 19(1)
As per Regulation 19(1) of the Dhaka Stock Exchange (Listing) Regulations, 2015, the Company has informed that a meeting of the Board of Directors will be held on October 17, 2024 at 3:30 PM to consider, among others, audited financial statements of the Company for the year ended June 30, 2024.
- The company has informed that the Board of Directors of the company has recently approved a proposal for investing appro
The company has informed that the Board of Directors of the company has recently approved a proposal for investing approximately BDT 150 crore for setting up the 2nd unit of the ice cream plant. In preparation for this, the company has already bought 59.16 decimal lands adjacent to the existing unit at Village: Bashile, PO: Kathali, Valuka, Mymensingh. The company is going to sign a contract with (i) Tetra Pak South East Asia Pte Ltd. 19 GUL LANE, Singapore, Singapore 629414, (cont.1)
- (Cont. news of LOVELLO): (ii) MEC Group (Equipmentimes), No.25, Tongxing Street, Dalian, China, (iii) Teknoice, Via Lazi
(Cont. news of LOVELLO): (ii) MEC Group (Equipmentimes), No.25, Tongxing Street, Dalian, China, (iii) Teknoice, Via Lazio 37-20090, Buccinasco (Mi), Italy, and (iv) Yantai Moon Co. Ltd. Yantai City, Shandong Province, China for procuring major capital machinery for the proposed 2nd unit of the ice cream manufacturing plant. After the commission and installation of the 2nd unit, the production capacity of ice cream will increase to 2,50,000 liters per day (cont.2)
The first part of this announcement is missing from the archive. - Decision to set up 2nd Unit of the ice cream plant
(Cont. news of LOVELLO): which is more than double than the existing production capacity. The new product of the 2nd unit will be available in the market from June of 2025. The investment will be arranged from internal sources and also through bank finances. (end)
The first part of this announcement is missing from the archive. - Appointment of Company Secretary
The company has informed that Mr. Md. Moheuddin Sarder has been appointed as Company Secretary of the company with effect from July 01, 2024.
- Query Response
In response to the DSE query dated May 12, 2024, the company has informed that there is no undisclosed price sensitive information of the company for recent unusual price hike and increase in volume of shares.
- (Q3 Un-audited): EPS was Tk. 0.71 for January-March 2024 as against Tk. 0.41 for January-March 2023; EPS was Tk. 1.28 fo
(Q3 Un-audited): EPS was Tk. 0.71 for January-March 2024 as against Tk. 0.41 for January-March 2023; EPS was Tk. 1.28 for July 2023-March 2024 as against Tk. 1.14 for July 2022-March 2023. NOCFPS was Tk. 3.50 for July 2023-March 2024 as against Tk. 2.12 for July 2022-March 2023. NAV per share was Tk. 13.21 as on March 31, 2024 and Tk. 12.94 as on June 30, 2023. (cont.)
- Q3 Financials
(Continuation news of LOVELLO): Reason for significant deviation: The company has informed that the ice-cream business is basically a seasonal business. During the period from 1 January 2024 to 31 March 2024, their sales have increased as the summer commences. As a result, Net profit after tax, EPS, NAV per share have also increased in comparison to that of 2nd Quarter of the current Financial Year. (end)
The first part of this announcement is missing from the archive. - Board Meeting schedule under LR 16(1)
As per Regulation 16(1) of the Dhaka Stock Exchange (Listing) Regulations, 2015, the Company has informed that a meeting of the Board of Directors will be held on April 15, 2024 at 3:30 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended March 31, 2024.
- Dividend Disbursement
The Company has informed that it has disbursed the Cash Dividend for the year ended June 30, 2023 to the respective shareholders.
- Query Response
In response to the DSE query dated February 20, 2024, the company has informed that there is no undisclosed price sensitive information of the company for recent unusual price hike and increase in volume of shares.
- Sale confirmation of Managing Director
Mr. Md. Ekramul Haque, a Sponsor and also Managing Director of the Company, has further informed that he has completed his sale of 30,00,000 shares of the Company at prevailing market price through Dhaka Stock Exchange PLC. as per declaration disseminated by DSE on 15.02.2024.
- Sale Declaration of Managing Director
Mr. Md. Ekramul Haque, a Sponsor and also Managing Director of the Company, has expressed his intention to sell 30,00,000 shares out of his holding of 3,00,00,000 shares of the company at prevailing market price (in the Public and Block Market) through Dhaka Stock Exchange PLC. within next 30 working days.
- (Q2 Un-audited): EPS was Tk. 0.25 for October-December 2023 as against Tk. 0.17 for October-December 2022; EPS was Tk. 0
(Q2 Un-audited): EPS was Tk. 0.25 for October-December 2023 as against Tk. 0.17 for October-December 2022; EPS was Tk. 0.57 for July-December 2023 as against Tk. 0.73 for July-December 2022. NOCFPS was Tk. 1.45 for July-December 2023 as against Tk. 1.48 for July-December 2022. NAV per share was Tk. 12.51 as on December 31, 2023 and Tk. 12.94 as on June 30, 2023. (cont.)
- Q2 Financials
(Continuation news of LOVELLO): Reasons for Deviation: EPS and NAVPS have been decreased as sales of the company reduced due to winter. (end)
The first part of this announcement is missing from the archive. - Appointment of Company Secretary (Acting)
The Company has informed that Mr. Kawser Ahmed, has been appointed as the Company Secretary (Acting) of the Company.
- Board Meeting schedule under LR 16(1)
As per Regulation 16(1) of the Dhaka Stock Exchange (Listing) Regulations, 2015, the Company has informed that a meeting of the Board of Directors will be held on January 29, 2024 at 3:30 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended December 31, 2023.
- Extending time further for utilizing the rest of the IPO amount
The company has informed that the shareholders of the company in its 12th AGM held on December 30, 2023 approved the proposal to extend time for further period of 01(One) year from February 2024 to January 2025 for utilizing the rest of the IPO amount.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.