Fatima Fertilizer Limited profits rise by 26.98 percent to Rs. 2.887 billion

MG News | April 27, 2018 at 10:45 AM GMT+05:00

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Fatima Fertilizer Limited (FATIMA) today announced financial results for the three months period ending 31 March, 2018 reporting Sales at Rs. 11.388 billion; up 37.9 percent from same period last year. Furthermore, the company’s Gross Profit rose to Rs. 6.833 billion from Rs. 4.508 billion last year during the outgoing three months.

On the expenses front, FATIMA reported 86.36 percent increase in Distribution Cost, 69.70 percent increase in Administrative Expenses, whereas, Finance Costs incurred by the company went down by 34.95 percent during the period.

Furthermore, FATIMA also reported a 11.78 percent decrease in Other Income reaching Rs. 153.752 million during the three months.

Fatima Fertilizer Limited reported profit after taxation at Rs. 2.887 billion against Rs. 2.273 billion during the same period last year translating into an EPS of Rs. 1.37 vs. an EPS of Rs. 1.08 during the three months ending March, 2017.

Comparison of Key Financials
Unconsolidated Profit and Loss Account - For the Three Months Ended, March 30^th 2018
Key Financials	March, 2018	March, 2017	% Change
	Amounts in PKR’ 000
Sales	11,388,598	8,258,694	37.90%
Cost of Sales	4,554,766	3,750,567	21.44%
Gross Profit	6,833,832	4,508,127	51.59%
Distribution Cost	1,342,264	720,253	86.36%
Administrative Expenses	624,591	368,059	69.70%
Finance Cost	323,475	497,291	-34.95%
Other Operating Expenses	357,380	190,956	87.15%
Other Income	153,752	174,285	-11.78%
Profit before Tax	4,338,874	2,905,853	49.31%
Taxation	1,451,801	632,227	129.63%
Profit for the Period	2,887,073	2,273,626	26.98%
EPS - Basic and diluted	1.37	1.08	26.85%

Company release on Earnings Report can be accessed here.

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