Unity Foods rebounds with Rs51m profit
.png)
MG News | October 29, 2024 at 01:06 PM GMT+05:00
October 29, 2024 (MLN): Unity Foods Limited (PSX: UNITY) rebounded with a profit after tax of Rs51.23 million [EPS: Rs0.04] during the quarter ending September 2024.
That compares to a loss of Rs280.99m [LPS: Rs0.24] in the same period last year (SPLY).
The company's revenue slipped 34.4% to Rs12.93bn as compared to Rs19.71bn in SPLY.
The cost of sales fell by 36.1% but was higher than proportionate to sales decline, which worsened the gross profit by 22.0% to Rs1.83bn in Q1 FY25.
The gross margins improved to 14.1% as compared to 11.9% in SPLY.
During the period under review, other income went up by 7.6% to stand at Rs248.55m in Q1 FY25 as compared to Rs231m in SPLY.
On the expense side, the company's administrative expenses fell 0.6% from a year ago to Rs201.38m, selling and distribution expenses fell 28.5% to Rs244.21m, and other operating expenses fell 81.1% to Rs2.13m.
The company’s finance cost contracted by 3.3% and stood at Rs1.59bn as compared to Rs1.65bn in SPLY.
On the tax front, the company received a tax credit worth Rs22.52m against an expense paid worth Rs431.65m in the corresponding period of last year.
Unconsolidated (un-audited) Financial Results for quarter ended September 30, 2024 (Rupees in '000) | |||
---|---|---|---|
Sep 24 | Sep 23 | % Change | |
Sales | 12,925,408 | 19,710,149 | -34.42% |
Cost of sales | (11,097,309) | (17,366,029) | -36.10% |
Gross Profit/ (loss) | 1,828,099 | 2,344,120 | -22.01% |
Administrative Expenses | (201,384) | (202,643) | -0.62% |
Selling And Distribution Expenses | (244,209) | (341,308) | -28.45% |
Other Gains / (Losses) | (7,956) | (222,939) | -96.43% |
Other Income | 248,548 | 231,001 | 7.60% |
Other Operating Expenses | (2,128) | (11,279) | -81.13% |
Finance Cost | (1,592,261) | (1,646,283) | -3.28% |
Profit/ (loss) before taxation | 28,709 | 150,669 | -80.95% |
Taxation | 22,518 | (431,654) | - |
Net profit/ (loss) for the period | 51,227 | (280,985) | - |
Basic earnings/ (loss) per share | 0.04 | (0.24) | - |
Amount in thousand except for EPS
Copyright Mettis Link News
Related News
Name | Price/Vol | %Chg/NChg |
---|---|---|
KSE100 | 148,617.78 624.60M | 0.86% 1274.27 |
ALLSHR | 91,685.08 1,340.28M | 0.74% 669.39 |
KSE30 | 45,247.79 197.43M | 0.83% 370.74 |
KMI30 | 212,370.79 224.51M | 1.05% 2209.48 |
KMIALLSHR | 61,227.89 711.87M | 1.18% 715.56 |
BKTi | 41,264.02 160.39M | 0.54% 221.73 |
OGTi | 30,019.10 23.63M | 0.64% 190.41 |
Symbol | Bid/Ask | High/Low |
---|
Name | Last | High/Low | Chg/%Chg |
---|---|---|---|
BITCOIN FUTURES | 108,265.00 | 113,390.00 108,020.00 | -4475.00 -3.97% |
BRENT CRUDE | 67.46 | 67.94 67.29 | -0.52 -0.76% |
RICHARDS BAY COAL MONTHLY | 88.70 | 88.70 88.70 | -0.75 -0.84% |
ROTTERDAM COAL MONTHLY | 96.15 | 96.75 96.00 | -0.40 -0.41% |
USD RBD PALM OLEIN | 1,106.50 | 1,106.50 1,106.50 | 0.00 0.00% |
CRUDE OIL - WTI | 64.01 | 64.55 63.88 | -0.59 -0.91% |
SUGAR #11 WORLD | 16.34 | 16.52 16.33 | -0.14 -0.85% |
Chart of the Day
Latest News
Top 5 things to watch in this week
Pakistan Stock Movers
Name | Last | Chg/%Chg |
---|
Name | Last | Chg/%Chg |
---|