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
References
{{reflist}}
External links
- {{Official website|https://unityfoods.pk}}
{{KSE 100}}
{{Portalbar|Business and economics|Pakistan|Company}}
Category:Companies listed on the Pakistan Stock Exchange
Category:Companies in the KSE 100 Index
Category:Pakistani companies established in 1991
Category:Pakistani subsidiaries of foreign companies
Category:Food manufacturers of Pakistan
Category:Food and drink companies based in Karachi
Category:Manufacturing companies based in Karachi
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