United Foods Company (PSC) reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was AED 142.52 million compared to AED 122.23 million a year ago. Revenue was AED 137.23 million compared to AED 118.61 million a year ago. Net loss was AED 5.12 million compared to net income of AED 2.51 million a year ago. Basic loss per share from continuing operations was AED 0.17 compared to basic earnings per share from continuing operations of AED 0.08 a year ago.
For the nine months, sales was AED 528.05 million compared to AED 392.64 million a year ago. Revenue was AED 509.58 million compared to AED 378.09 million a year ago. Net income was AED 14.04 million compared to AED 6.24 million a year ago. Basic earnings per share from continuing operations was AED 0.46 compared to AED 0.21 a year ago.