Unity Foods

Not to be confused with the Minneapolis retail market store Unity Foods.

Unity Foods

Company type	Public
Traded as	PSX: UNITY KSE 100 component
ISIN	PK0068801015
Industry	Fast-moving consumer goods
Founded	1991; 34 years ago (1991)
Headquarters	Unity Tower, P.E.C.H.S, Karachi
Area served	Pakistan
Key people	Muhammad Farrukh Amin (CEO)[1]
Products	Sunridge, Dastak, Ehtimam, Lagan, Zauqeen, Unity Oil
Revenue	Rs. 100.870 billion (US$350 million) (2023)
Operating income	Rs. 3.878 billion (US$13 million) (2023)
Net income	Rs. 675.091 million (US$2.3 million) (2023)
Total assets	Rs. 77.549 billion (US$270 million) (2023)
Total equity	Rs. 21.307 billion (US$74 million) (2023)
Number of employees	577 (2023)
Parent	Wilmar International
Website	unityfoods.pk
Footnotes / references Financials as of 30 June 2023^[update] [2]

Unity Foods Limited, formerly known as Taha Spinning Mills, is a Pakistani food company headquartered in Karachi.^[3] It is a subsidiary of Singaporean multinational company, Wilmar International.^[4]

Unity Foods produces staples (flour, rice, lentils, pulses), industrial fats and various feed ingredients for poultry and livestock sector.^[5]

History

Unity Foods was founded as Taha Spinning Mills in 1991.^[6]

In 2018, Unity Foods changed its business from textile to the production of edible oil and refining.^{[6] [7]}

Brands

• Zauqeen^[8]
• Ehtemaam^[8]

Subsidiaries

• Sunridge Foods^[6][9]

References

1. "UFL dedicated to addressing issue of food insecurity, malnutrition". The Nation. 27 June 2023. Retrieved 8 July 2023.
2. "Unity Foods Annual Report 2023". Retrieved 1 August 2024.
3. "UNITY - Stock quote for Unity Foods Limited". Pakistan Stock Exchange (PSX). Retrieved 8 July 2023.
4. Research, B. R. (24 January 2024). "Unity Foods Limited". Brecorder.
5. "Unity Foods Limited". Business Recorder. 21 March 2023. Retrieved 8 July 2023.
6. Report, Profit (9 March 2020). "Unity Foods: the former textile company that made a killing in edible oils". Profit by Pakistan Today.
7. "Unity Foods Ltd". www.wsj.com. Wall Street Journal. Retrieved 8 July 2023.
8. Report, Profit (11 July 2020). "Growing pains: Unity Foods raises equity to finance working capital needs". Profit by Pakistan Today.
9. "Unity Foods to invest nearly Rs5bn in Sunridge Foods subsidiary". Brecorder. 27 March 2023.

External links

• Official website