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Unity Foods fiscal Q3 loss narrows YOY

Unity Foods Ltd. said its normalized net income for the fiscal third quarter ended March 31 amounted to a loss of 21 Pakistani paisa per share, compared with a loss of 41 paisa per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of 852,250 rupees, compared with a loss of 1.6 million rupees in the year-earlier period.

Reported net income came to a loss of 1.4 million rupees, or a loss of 34 paisa per share, compared to a loss of 2.6 million rupees, or a loss of 66 paisa per share, in the year-earlier period.

As of April 26, US$1 was equivalent to 104.78 Pakistani rupees.