Unity Foods records Rs1bn loss in three months

By MG News | October 03, 2024 at 04:13 PM GMT+05:00
October 03, 2024 (MLN): Unity Foods Limited (PSX: UNITY) recorded a loss after tax of Rs1.04 billion [LPS: Rs0.87] during April-June quarter, compared to a profit of Rs1.39bn [EPS: Rs1.17] earned in the same period last year (SPLY).
The company's revenue plunged 39.5% to Rs11.75bn as compared to Rs19.41bn in SPLY. Gross profit fell 72.1% to Rs1.04bn in Q4 FY24.
The gross margins worsened to 8.9% as compared to 19.2% in SPLY.
During the period under review, other income jumped 111.1% to Rs381.09m in Q4 FY24 as compared to Rs180.5m in SPLY.
On the expense side, the company's administrative expenses fell 5.0% from a year ago to Rs203.18m, while selling and distribution expenses fell 14.5% to Rs113.31m.
The company’s finance cost surged by 58.8% and stood at Rs1.97bn as compared to Rs1.24bn in SPLY.
Unconsolidated (un-audited) Financial Results for quarter ended June 30, 2024 (Rupees in '000) | |||
---|---|---|---|
Jun 24 | Jun 23 | % Change | |
Sales | 11,748,074 | 19,412,430 | -39.48% |
Cost of sales | (10,705,629) | (15,683,305) | -31.74% |
Gross Profit/ (loss) | 1,042,445 | 3,729,125 | -72.05% |
Administrative Expenses | (203,181) | (213,892) | -5.01% |
Selling And Distribution Expenses | (113,308) | (132,480) | -14.47% |
Other Gains / (Losses) | 11,683 | (332,997) | - |
Provision Reversed / (Charged) | (152,563) | - | - |
Other Income | 381,094 | 180,495 | 111.14% |
Other Operating Expenses | - | (12,107) | - |
Finance Cost | (1,974,519) | (1,243,604) | 58.77% |
Net profit/ (loss) for the period | (1,036,332) | 1,392,473 | - |
Basic earnings/ (loss) per share | (0.87) | 1.17 | - |
Amount in thousand except for EPS
Copyright Mettis Link News
Related News
Name | Price/Vol | %Chg/NChg |
---|---|---|
KSE100 | 130,385.64 299.99M |
1.71% 2186.22 |
ALLSHR | 81,079.59 885.55M |
1.62% 1291.97 |
KSE30 | 39,905.92 124.97M |
2.05% 800.92 |
KMI30 | 189,371.96 129.53M |
1.31% 2456.35 |
KMIALLSHR | 54,777.81 433.03M |
1.06% 575.93 |
BKTi | 35,029.43 48.21M |
4.64% 1552.75 |
OGTi | 28,202.81 12.31M |
0.86% 240.23 |
Symbol | Bid/Ask | High/Low |
---|
Name | Last | High/Low | Chg/%Chg |
---|---|---|---|
BITCOIN FUTURES | 108,200.00 | 108,340.00 105,440.00 |
2450.00 2.32% |
BRENT CRUDE | 67.52 | 67.60 66.94 |
0.41 0.61% |
RICHARDS BAY COAL MONTHLY | 97.50 | 0.00 0.00 |
0.75 0.78% |
ROTTERDAM COAL MONTHLY | 103.80 | 0.00 0.00 |
-3.70 -3.44% |
USD RBD PALM OLEIN | 998.50 | 998.50 998.50 |
0.00 0.00% |
CRUDE OIL - WTI | 65.84 | 65.92 65.23 |
0.39 0.60% |
SUGAR #11 WORLD | 15.94 | 15.97 15.77 |
0.24 1.53% |
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 |
---|