Karachi: Unity Foods Limited disclosed its financial results for the quarter ended September 30, 2023, following a Board of Directors meeting held on October 28, 2023, at Unity Tower, Karachi. The board decided against declaring any cash dividends, bonus shares, right shares, or any other entitlement/corporate actions, and reported no price-sensitive information.

The company's condensed interim unconsolidated statement of profit or loss showcased a gross profit of PKR 2,344,120,000 for the quarter, reflecting a significant increase from the PKR 582,903,000 reported in the same period in 2022. Despite this improvement, Unity Foods Limited experienced a loss after taxation of PKR 280,985,000, equating to a loss per share of PKR 0.24. In comparison, the company reported a loss after taxation of PKR 2,242,105,000 and a loss per share of PKR 1.88 in the third quarter of 2022.

The condensed interim consolidated statement of profit or loss for the same period revealed a gross profit of PKR 2,557,131,000 and a loss after taxation of PKR 660,272,000, translating to a loss per share of PKR 0.55. This denotes a notable improvement from the PKR 923,102,000 gross profit and the PKR 2,172,040,000 loss after taxation, with a loss per share of PKR 1.82, reported in the corresponding quarter of the previous year.

The company has communicated its commitment to transparency and adherence to regulatory requirements, confirming that the Quarterly Report for the period ending September 30, 2023, will be transmitted through PUCARS within the specified timeframe.