Fatima Fertilizer Company Limited profits rise 8.12 percent to Rs. 10.576 billion

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.

Posted on: 2018-03-28T10:10:00+05:00