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Unity Foods fiscal Q1 loss narrows YOY

Unity Foods Ltd. said its normalized net income for the fiscal first quarter ended Sept. 30 came to a loss of 4 Pakistani paisa per share, compared with a loss of 5 paisa per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of 154,420 rupees, compared with a loss of 206,750 rupees in the year-earlier period.

Reported net income totaled a loss of 247,950 rupees, or a loss of 6 paisa per share, compared to income of 74.0 million rupees, or 18.28 rupees per share, in the year-earlier period.

As of Oct. 29, US$1 was equivalent to 103.05 Pakistani rupees.