Unity Foods Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on February 26, 2020.

The agenda of the meeting was discussion of profit and loss account for quarter ended December 31, 2019 which portrayed a profit of Rs. 282,219,232 with earnings per share 0.52 basic and diluted respectively.

Further, nil payment of cash dividend, bonus shares and right shares was agreed.

The announcement is available at:

https://dps.psx.com.pk/download/document/143478.pdf

Unity Foods Limited does not have significant operations. Previously, it was engaged in the manufacture and sale of yarn. The company was formerly known as Taha Spinning Mills Limited and changed its name to Unity Foods Limited in September 2017. Unity Foods Limited was incorporated in 1991 and is headquartered in Karachi, Pakistan.

© Pakistan Press International, source Asianet-Pakistan