United Foods Co PJSC (UFC)

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News

12 September 2021 04:07 PM United Foods acquires Stratus General Trading, Pal Foodstuff & Beverages

Dubai – Mubasher: United Foods Company has acquired Stratus General Trading and Pal Foodstuff & Beverages Trading, which are foodstuff, beverage trading, and distribution companies, in exchange for AED 4.55 million. Following the acquisition of …

Mergers and Acquisitions

25 February 2020 00:20 PM United Foods proposes 30% cash dividends for FY19

Dubai – Mubasher: The board of United Foods Company recommended to distribute 30% of the capital as cash dividends for fiscal year 2019. The distribution of cash dividends amounts to 30 fils per share, according the company’s disclosure to Dubai …

Cash Dividends

4 November 2019 01:45 PM United Foods profits up 72% in 9M

Dubai – Mubasher: United Foods Company (UFC) reported a 71.9% increase in profits over the first nine-month of 2019 to AED 23.504 million, up from AED 13.672 million a year earlier. Earnings per share (EPS) reached AED 0.78 in the …

Financial Results

26 March 2019 04:27 PM United Food’s board approves 25% dividends for FY 2018

Dubai – Mubasher: United Food Company (UFC) on Tuesday announced that its general assembly had approved to raise its cash dividends for the full-year 2018 to 25 fils a share. The company increased the cash dividends to 25% of the share’s nominal …

Corporate Actions

7 August 2017 09:10 AM UFC profits fall 17% in Q2

Dubai – Mubasher: United Foods Co (UFC) posted a 17.5% year-on-year decline in its profits during the second quarter of 2017, according to a bourse statement. Profits reached AED 7.47 million ($2 million) in Q2-17, compared to AED 9.06 million …

Financial Results

16 March 2017 08:39 AM UFC shareholders nod to annual dividends

Dubai – Mubasher: United Foods Co (UFC) said its shareholders approved on Wednesday, 15 March, 10% cash dividends, equivalent to 10 fils per share, for fiscal year 2016, according to a bourse statement. Total dividends to be distributed amount to …

General Assembly

26 February 2017 04:40 PM UFC expects lower imports in 2017 - Interview

By: Amr Adel Dubai - Mubasher: The CEO of United Foods Co (UFC) said that the company’s exports are expected to slow down this year due to weaker demand that comes as a result of foreign exchange fluctuations, and conflicts in the Middle East. …

Companies Investments

8 February 2017 10:50 AM United Foods acquires 14.46% stake in Emirates Refreshments

Dubai – Mubasher: United Finance Co. (UFC) bought a 14.46% stake in Emirates Refreshments, equivalent to 4.34 million shares, according to a statement. The Securities and Commodities Authority (SCA) gave an approval in early October to the …

Mergers and Acquisitions

8 February 2017 10:12 AM United Finance profits up in Q4

Dubai – Mubasher: United Finance Co. posted a 23% rise year-on-year in its net profits during the fourth quarter of 2016, according to a statement. Net profits reached AED 6.8 million ($1.85 million) in Q4-16, compared to AED 5.53 million ($1.51 …

Financial Results

1 November 2016 09:31 AM United Finance profits down 16% in Q3

Dubai – Mubasher: United Finance Co. posted a 16.2% year-on-year decline in its net profits during the third quarter of 2016, according to a bourse statement. Net profits reached AED 3.68 million ($1 million) in Q3-16, compared to AED 4.39 million …

Financial Results

5 October 2016 09:25 AM UFC gets SCA’s approval to buy stake in Emirates Refreshments

Dubai – Mubasher: The Securities and Commodities Authority (SCA) gave an approval to the increase of United Foods Company’s (UFC) stake in Emirates Refreshments Co., according to a bourse statement. UFC will purchase 4.34 million shares from …

Mergers and Acquisitions

30 June 2016 08:51 AM United Foods buys stake in Emirates Refreshments

Dubai-Mubasher: United Foods Company acquired 20% of Emirates Refreshments’ capital, or 6 million shares, according to a bourse statement. Emirates Refreshments’ capital amounts to AED 30 million, distributed on 30 million shares.

Mergers and Acquisitions

15 June 2016 11:08 AM UFC shareholders nod to expansion plan

Dubai-Mubasher: The shareholders of United Foods Company (UFC) approved on Tuesday the board’s recommendation to launch new branches outside the UAE and equity investment in local markets, according to a bourse statement. The company previously …

General Assembly

14 June 2016 08:54 AM UFC shareholders to discuss expansion plan Tuesday

Dubai-Mubasher: The shareholders of United Foods Company (UFC) will discuss on Tuesday the proposed expansion plan and the opening of new branches outside the UAE, according to a bourse statement. The company previously approved the 2014-2016 …

Event

19 May 2016 09:49 AM United Foods to hold OGM mid-June

Dubai-Mubasher: United Foods Company’s (UFC) will hold its shareholders’ ordinary general meeting (OGM) on 14 June, according to a bourse statement. The shareholders will discuss amendments to the memorandum of association, as well as considering …

Event

28 April 2016 09:44 AM United Foods’s earnings up 2.7% in Q1

Dubai – Mubasher: United Foods Company’s (UFC) profit grew in the first quarter of fiscal 2016 by 2.7% to AED 6.635 million ($1.81 million), versus AED 6.463 million ($1.7 million) in Q1-15. Total sales also increased to AED 99.85 million ($27.19 …

Financial Results

10 March 2016 08:21 AM United Foods OGM approves cash dividends, bonus shares

Abu Dhabi - Mubasher: United Food Company (UFC) shareholders approved on Thursday distributing cash dividends and bonus shares for 2015. The bonus shares were decided on a 10-for-100 basis or at 20% of capital. Total cash dividends amount to AED …

Corporate Actions

22 February 2016 10:27 AM United Foods to make new acquisition in 2016 -Interview

By: Amr Adel Dubai-Mubasher: United Foods Company (UFC) is looking forward to completing an acquisition in the UAE during 2016, said the company’s CEO Fethi Khiari. In an interview with Mubasher on the sidelines of the Gulfood 2016, the world’s …

Companies Investments

10 February 2016 11:14 AM UFC profits rise 25% in Q4-15

Dubai-Mubasher: United Foods Company (UFC) reported a 25.2% profit growth to AED 5.53 million ($1.51 million) in the fourth quarter of 2015, compared to AED 4.43 million in the same quarter of 2014, according to a bourse filing on Wednesday. In …

Financial Results

27 September 2015 08:53 AM UFC to review 8M financials Sunday

Dubai-Mubasher: United Foods Company (UFC) will hold a board meeting on Sunday to discuss the overall financial performance of the company for the period ended 31 August, 2015. Dubai Financial Market has suspended trading in the UFC’s shares as of …

Management Decisions

20 September 2015 11:11 AM UFC board to discuss performance Sunday

  Dubai – Mubasher: United Foods Co. (UFC) said that its board will convene on Sunday, 27 September, to discuss the company’s overall work performance as at the end of August, according to a filing to the Dubai Financial Market (DFM) on Sunday. …

Management Decisions

6 August 2015 08:53 AM United Foods’ H1 profits leap 65%

Dubai – Mubasher: United Foods Company (UFC) reported a leap of 64.5% in its profits for the first six months of 2015 to AED 17.86 million ($4.86 million), compared to AED 10.86 million ($2.96 million) in the corresponding period of 2014. UFC’s Q2 …

Company News

15 June 2015 08:56 AM United Foods to discuss H1 results on Tuesday

 Dubai – Mubasher: United Foods Company (UFC) said its board will meet on Tuesday to discuss its financial statements for the six months ended 31 May 2015, according to a filing to the Dubai Financial Market (DFM).UFC previously reported …

Company News

22 March 2015 08:34 AM United Foods approves 10 fils/shr dividend

 Dubai – Mubasher: United Foods Company (UFC) announced on Sunday that its ordinary general meeting (OGM) approved a cash dividend amounting to 10% of capital or AED 0.10 per share.The OGM also approved the company’s annual financials and …

Company News

2 March 2015 11:54 AM DFM consumer staples’ profit down as Kaipara weighs

By: Thabet Shehata Dubai – Mubasher: Profits of the Dubai Financial Market’s (DFM) consumer staples sector retreated compared to figures from 2013, following a loss incurred by United Kaipara Dairies Co. along with slow profit growth for …

News Analysis