United Brands discontinues Unilever products from its portfolio, Rs58 mln monthly loss expected

MG News | April 11, 2019 at 10:38 AM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

April 11, 2019 (MLN): United Brands Limited, which is involved in the distribution of consumer products, has decided to discontinue the following businesses from its portfolio, as per a notification issued to Pakistan Stock Exchange (PSX) on Thursday.

Mars
Wrigley’s
Haleeb Foods
Unilever
Heinz
IFFCO

The company also informed that the discontinuation of these businesses shall result in loss of revenue by approximately Rs. 58 million every month.

Copyright Mettis Link News

Related News

Ferozsons FY26 profit jumps 33% to Rs1bn, declares Rs5.5 dividend

SE Fruits and Vegetable Limited opens IPO subscription for general public

Weekly Market Roundup

Name	Price/Vol	%Chg/NChg
KSE100	169,600.41 183.50M	-0.48% -825.22
ALLSHR	102,686.26 565.98M	-0.36% -370.76
KSE30	50,456.98 75.27M	-0.51% -260.85
KMI30	242,899.57 56.32M	-0.49% -1202.28
KMIALLSHR	66,568.03 354.92M	-0.38% -251.61
BKTi	46,884.49 11.66M	-0.44% -204.90
OGTi	34,745.74 4.31M	-0.76% -266.71

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	84,390.00	84,760.00 83,100.00	600.00 0.72%
BRENT CRUDE	104.98	107.87 104.58	-0.30 -0.29%
RICHARDS BAY COAL MONTHLY	123.00	0.00 0.00	-1.30 -1.05%
ROTTERDAM COAL MONTHLY	137.00	137.05 137.00	-1.00 -0.72%
USD RBD PALM OLEIN	1,167.50	1,167.50 1,167.50	0.00 0.00%
CRUDE OIL - WTI	92.20	94.74 91.98	-0.40 -0.43%
SUGAR #11 WORLD	18.47	18.69 18.45	-0.09 -0.48%