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.
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.
