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

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 30th 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.

Posted on: 2018-04-27T10:45:00+05:00