Karachi February 23 2023: Unity Foods Limited (UNITY) reported loss of PKR 2.24 billion for the quarter ended September 2022 despite tax reversal of PKR 275 million, according to company filing to the Pakistan Stock Exchange.
Share price of the company drop 84 paisa or 6.07 percent after the announcement at Pakistan Stock Exchange.
Gross Margins of the company plunged 52.5 percent to PKR 582 million compared with gross profit of PKR 1.22 billion last year.
Unity Foods Limited was incorporated in Pakistan in 1991 as a Private Limited Company under the Companies Ordinance, 1984 (now Companies Act, 2017) 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.
