Karachi: United Brands Limited (UBL), a prominent player in the consumer goods sector, reported a significant shift in its financial performance for the quarter ending September 30, 2024. The company announced its results on , following a board meeting at the IBL Centre in Karachi.

UBL recorded a revenue of 422.49 million rupees from contracts with customers, marking a substantial increase from the previous year's 297.34 million rupees. Despite higher revenue, the cost of sales also rose sharply to 359.81 million rupees, leaving a gross profit of 62.68 million rupees. According to information available from the Pakistan Stock Exchange (PSX), this represents a modest growth in gross profit compared to last year's 48.72 million rupees.

The company's operational expenses included 36.81 million rupees for marketing and distribution, and 7.28 million rupees for administrative and general expenses, slightly lower than the previous year. UBL managed to report a profit from operations of 18.06 million rupees, a turnaround from a loss of 8.01 million rupees in the same period last year.

Further down the statement, the finance costs were reported at 5.93 million rupees. After accounting for minimum levies and income taxes, UBL posted a profit after tax of 8.61 million rupees, a stark contrast to the loss of 24.66 million rupees in the year-ago quarter.

The financial resilience of UBL is underscored by the substantial recovery in its profitability indicators and operational efficiency. The statement highlighted no issuance of cash dividends, bonus shares, or rights shares, reflecting a strategic focus on internal growth and stability.

UBL's comprehensive profit for the quarter stood at 8.61 million rupees, signaling a positive trajectory for the company as it adapts to market conditions and refines its business strategies. The company remains focused on enhancing shareholder value through improved operational performances and cost management.