Unity Foods Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on April 28, 2020.

The agenda of the meeting was discussion of Unconsolidated profit and loss account for quarter ended March 31, 2020 which portrayed a loss of Rs. 332,884,984 with loss per share 0.61 and consolidated profit and loss account for quarter ended March 31, 2020 which portrayed a profit of Rs. 59,829,630 with loss per share 0.11 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/146711.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