Fatima Fertilizer Ltd. (FATIMA) today announced financial results for te period ending December 31st, 2017. The company in a board meeting held at Lahore yesterday approved a final cash dividend for the year ended December 31st, 2017 at Rs. 2.25 per share i.e. 22.5 percent.
The Fertilizer Company reported an 11.39 percent increase in sales at Rs. 37.611 billion against 33.764 billion during 2016. Furthermore, the company also managed to increase the gross margins during the period. The company’s gross margins clocked in at 20.336 billion; a rise of 13.08 percent.
On the other hand, company’s distribution costs went up by 46.14 percent, Administrative Expenses were up by 17.22 percent and other operating expenses also shot up by 44.8 percent during the year.
Fatima Fertilizer total profit after tax during the year 2017 was at 10.576 billion vs. 9.782 billion in 2016; an 8.12 percent jump YoY.
Company EPS clocked in at 5.04 per share against 4.66 per share last year.
Comparison of Key Financials
Unconsolidated Profit and Loss Account – For the Year Ended, December 30th 2017
Key Financials
2017
2016
% Change
Amounts in PKR ‘000
Sales
37,611,818
33,764,644
11.39%
Cost of Sales
17,275,276
15,779,727
9.48%
Gross Profit
20,336,542
17,984,917
13.08%
Distribution Costs
3,481,882
2,382,529
46.14%
Administrative Expenses
1,533,619
1,308,273
17.22%
Finance Costs
2,198,268
2,739,412
-19.75%
Other Operating Expenses
913,370
630,759
44.80%
Other Income
526,866
702,558
-25.01%
Profit before Tax
12,736,269
11,626,502
9.55%
Taxation
2,160,256
1,844,359
17.13%
Profit for the year
10,576,013
9,782,143
8.12%
EPS – Basic and diluted
5.04
4.66
8.15%
Company release on Earnings Report can be accessed here.
