United Brands Limited, which trades and distributes consumer goods and allied products in Pakistan has decided to discontinue several consumer products.
According to the notification to the Pakistan Stock Exchange, the company announced that they have decided to discontinue the following products from their business portfolio.
- Haleeb Foods
This shall result in a loss of revenue of approximately Rs. 58 million every month as stated by the company. No other reason was mentioned regarding this concern.
United Brands Limited distributes fast moving consumer goods; foods, chocolates, confectionery, flavored milk, tea, sweetener, beverages, and cereals; skin care and cosmetic products; and baby care products.
United Brands Limited was formerly known as UDL Industries Limited and changed its name to United Brands Limited in April 2006.