Taufika Foods and Agro Industries Limited has reported a 154 per cent jump in net profit after tax (NPAT) in the third quarter of the current fiscal year as against the NPAT of the corresponding period of the last fiscal year.
The board of directors of the food and allied company, listed in the stock exchange, on Sunday reviewed and approved the unaudited financial report for the 3rd quarter of the current fiscal year.
The company's net profit after tax in the 3rd quarter was Tk 19.23 million (Tk 1 crore 92 lakh 39 thousand 635), as against Tk 7.56 million (Tk 75 lakh 64 thousand 262) of the corresponding period of the last fiscal year.
The profit of the company, engaged in the business of manufacturing and distribution of LOVELLO ice-cream, has increased by Tk 11.67 million (Tk.1 crore 16 lakh 75 thousand 372) or 154 per cent.
The company's earnings per share (EPS) for the period under review was Tk.0.26, which was Tk.0.14 during the corresponding period of the last fiscal year. The earnings per share has increased by 86 per cent.
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 46.63 million (Tk.4 crore 66 lakh 35 thousand 10), which was Tk. 39.65 million (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.6.98 million (69 lakh 84 thousand 501) or 17.62 per cent during the period under consideration.
Accordingly, the company's EPS for the first 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.