FFC shuts down plant for 20 days due to maintenance

MG News | October 10, 2022 at 03:49 PM GMT+05:00

0:00

October 10, 2022 (MLN): Fauji Fertilizer Company Limited (FFC) on Monday shut down its Plant-I for a period of 20 days as part of its scheduled maintenance, filings on the stock exchange showed on Monday.

“FFC’s Plant-I maintenance activity commenced today, Oct 10, 2022, and the total duration of the activity is 20 days. The purpose of this activity is to ensure long-term reliability and sustainability of safe operations of the plant,” the company said in a press release.

FFC is set to announce financial results for 3QCY22 wherein it is likely to see a decline in profits-after-tax due to lower offtakes of urea and DAP by 26%YoY and 93%YoY to 0.5 million tonnes and 3,000 tonnes respectively.

The decline in sales is likely on account of higher DAP prices, rising inflationary pressure and floods in the country.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	134,299.77 290.06M	0.39% 517.42
ALLSHR	84,018.16 764.12M	0.48% 402.35
KSE30	40,814.29 132.59M	0.33% 132.52
KMI30	192,589.16 116.24M	0.49% 948.28
KMIALLSHR	56,072.25 387.69M	0.32% 180.74
BKTi	36,971.75 19.46M	-0.05% -16.94
OGTi	28,240.28 6.19M	0.21% 58.78

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	118,140.00	119,450.00 115,635.00	4270.00 3.75%
BRENT CRUDE	70.63	70.71 68.55	1.99 2.90%
RICHARDS BAY COAL MONTHLY	97.50	0.00 0.00	1.10 1.14%
ROTTERDAM COAL MONTHLY	108.75	108.75 108.75	0.40 0.37%
USD RBD PALM OLEIN	998.50	998.50 998.50	0.00 0.00%
CRUDE OIL - WTI	68.75	68.77 66.50	2.18 3.27%
SUGAR #11 WORLD	16.56	16.60 16.20	0.30 1.85%