Unity Foods report Rs.111 million in quarterly profits

MG News | October 29, 2018 at 12:00 PM GMT+05:00

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October 29, 2018 (MLN): Unity Foods (UNITY) has reported its net profit for the quarter ended September 30, 2018 at Rs.111 million with basic and diluted EPS at Rs.0.66 per share.

The company earned nearly Rs.221 million as gross profits whereas after accounting for all the expenses (approximately Rs.120 million, including finance cost) its pre-tax profits added up to Rs.102.9 million.

Unity Foods Limited was formerly engaged in the manufacture and sale of yarn under the name Taha Spinning Mills Limited. It is currently an agri-business company, with principal activities that entail the entire value chain from the procurement and crushing of multiple oil seeds.

Profit and Loss account for the quarter ended September 30, 2018 (Rupees)
	Sep-18
Sales - net	3,109,564,275
Cost of sales	(2,888,678,536)
Gross profit	220,885,739
Distribution and selling expenses	(31,133,580)
Administrative expenses	(28,732,134)
Other operating expenses	(23,636,102)
	(83,501,816)
Other income	2,459,354
Operating profit/ (loss) before taxation	139,843,277
Finance costs	(36,910,890)
Profit/(loss) before taxation	102,932,387
Taxation	8,313,120
Profit/(loss) after taxation	111,245,507
Earnings per share - basic and diluted	0.66

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