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.
