Unity Foods

{{Short description|Pakistani food company}}

{{Use British English|date=July 2023}}

{{Use dmy dates|date=July 2023}}

{{distinguish|text=the Minneapolis retail market store Unity Foods}}

{{Infobox company

| name = Unity Foods

| logo =

| logo_size =

| type = Public

| traded_as = {{karse|UNITY}}
KSE 100 component

| ISIN = {{ISIN|sl=n|pl=y|PK0068801015}}

| foundation = {{start date and age|1991}}

| industry = Fast-moving consumer goods

| area_served = Pakistan

| key_people = Muhammad Farrukh Amin (CEO){{cite news |title=UFL dedicated to addressing issue of food insecurity, malnutrition |url=https://www.nation.com.pk/27-Jun-2023/ufl-dedicated-to-addressing-issue-of-food-insecurity-malnutrition |access-date=8 July 2023 |work=The Nation |date=27 June 2023 |language=en}}

| products = Sunridge, Dastak, Ehtimam, Lagan, Zauqeen, Unity Oil

| revenue = {{Increase}} {{PKRConvert|100.870|b}}

| revenue_year = 2023

| operating_income = {{decrease}} {{PKRConvert|3.878|b}}

| income_year = 2023

| net_income = {{decrease}} {{PKRConvert|675.091|m}}

| net_income_year = 2023

| assets = {{Increase}} {{PKRConvert|77.549|b}}

| assets_year = 2023

| equity = {{Increase}} {{PKRConvert|21.307|b}}

| equity_year = 2023

| num_employees = 577

| num_employees_year = 2023

| location = Unity Tower, P.E.C.H.S, Karachi

| parent = Wilmar International

| website = {{URL|unityfoods.pk}}

| footnotes = Financials {{as of|2023|6|30|lc=y}} {{cite web|title=Unity Foods Annual Report 2023|url=https://financials.psx.com.pk/lib/DownloadPDF.php?id=216984 |access-date=1 August 2024}}

}}

Unity Foods Limited, formerly known as Taha Spinning Mills, is a Pakistani food company headquartered in Karachi.{{cite news |title=UNITY - Stock quote for Unity Foods Limited |url=https://dps.psx.com.pk/company/UNITY |access-date=8 July 2023 |work=Pakistan Stock Exchange (PSX)}} It is a subsidiary of Singaporean multinational company, Wilmar International.{{Cite web|url=https://www.brecorder.com/news/40285421|title=Unity Foods Limited|first=B. R.|last=Research|date=24 January 2024|website=Brecorder}}

Unity Foods produces staples (flour, rice, lentils, pulses), industrial fats and various feed ingredients for poultry and livestock sector.{{cite news |title=Unity Foods Limited |url=https://www.brecorder.com/news/40232586 |access-date=8 July 2023 |work=Business Recorder |date=21 March 2023 |language=en}}

History

Unity Foods was founded as Taha Spinning Mills in 1991.{{Cite web|url=https://profit.pakistantoday.com.pk/2020/03/09/unity-foods-the-former-textile-company-that-made-a-killing-in-edible-oils/|title=Unity Foods: the former textile company that made a killing in edible oils|first=Profit|last=Report|date=9 March 2020|website=Profit by Pakistan Today}}

In 2018, Unity Foods changed its business from textile to the production of edible oil and refining. {{cite web |title=Unity Foods Ltd. |url=https://www.wsj.com/market-data/quotes/PK/XKAR/UNITY/company-people |website=www.wsj.com |publisher=Wall Street Journal |access-date=8 July 2023 |language=en}}

Brands

  • Zauqeen{{Cite web|url=https://profit.pakistantoday.com.pk/2020/07/11/growing-pains-unity-foods-raises-equity-to-finance-working-capital-needs/|title=Growing pains: Unity Foods raises equity to finance working capital needs|first=Profit|last=Report|date=11 July 2020|website=Profit by Pakistan Today}}
  • Ehtemaam

Subsidiaries

  • Sunridge Foods{{Cite web|url=https://www.brecorder.com/news/40233635|title=Unity Foods to invest nearly Rs5bn in Sunridge Foods subsidiary |date=27 March 2023|website=Brecorder}}

References

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