Pakistan Company News

Financial results of Unity Foods Limited for Quarter ended December 31, 2022

Karachi, Unity Foods Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on March 27, 2023.

The agenda of the meeting was discussion of Unconsolidated and consolidated profit and loss account for quarter ended December 31, 2022 which portrayed a profit of Rs. 1,618,791,000 and Rs. 1,725,789,000 with earnings per share 1.36 and 1.45 basic and diluted respectively.

Further, nil payment of cash dividend, bonus shares and right shares was agreed.

Unity Foods Limited was incorporated in Pakistan in 1991 as a Private Limited Company and subsequently converted into a Public Limited Company on June 16, 1991. The principal business activity of the Company has been changed from yarn manufacturing to edible oil extraction, refining and related businesses.

The total numbers of shares are 994,050,000. The earnings per share is 0.39 in 2020 which was 1.03 in 2019. The profit after Taxation is 209,629,000 in 2020 which was 255,075,000 in 2019.