Unity Foods records Rs1bn loss in three months
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 | 179,927.05 365.01M | -1.27% -2314.73 |
| ALLSHR | 109,270.69 838.76M | -1.19% -1312.98 |
| KSE30 | 53,705.71 89.34M | -1.33% -726.00 |
| KMI30 | 253,531.92 109.38M | -1.32% -3382.29 |
| KMIALLSHR | 70,152.63 543.97M | -1.25% -888.68 |
| BKTi | 50,997.50 18.73M | -1.38% -715.26 |
| OGTi | 36,216.08 8.18M | -1.21% -443.50 |
| Symbol | Bid/Ask | High/Low |
|---|
| Name | Last | High/Low | Chg/%Chg |
|---|---|---|---|
| BITCOIN FUTURES | 62,220.00 | 62,310.00 61,925.00 | -130.00 -0.21% |
| BRENT CRUDE | 83.32 | 83.86 77.28 | 7.31 9.62% |
| RICHARDS BAY COAL MONTHLY | 105.75 | 0.00 0.00 | -1.15 -1.08% |
| ROTTERDAM COAL MONTHLY | 119.35 | 119.35 119.35 | 2.00 1.70% |
| USD RBD PALM OLEIN | 1,135.00 | 1,135.00 1,135.00 | 0.00 0.00% |
| CRUDE OIL - WTI | 79.07 | 79.14 77.86 | 0.93 1.19% |
| SUGAR #11 WORLD | 14.76 | 14.98 14.62 | -0.12 -0.81% |
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 |
|---|