Fauji Fertilizer bin Qasim Limited posts losses worth Rs. 449.379 million

MG News | April 24, 2018 at 02:53 PM GMT+05:00

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Fauji Fertilizer bin Qasim Limited (FFBL) today announced financial results for the three months period ending 31 March, 2018 reporting Sales earned worth Rs. 10.282 billion. Furthermore, the company’s Gross Profit for the year jumped at Rs. 745.521 million during the outgoing three months.

On the expenses front, FFBL reported 2 percent increase in Selling & Distribution Expenses, 37.88 percent decrease in Administrative Expenses, whereas, other operating expenses at the company jumped by 1498.39 percent during the period.

Fauji Fertilizer bin Qasim Limited reported losses worth Rs. 449.379 million against losses worth Rs. 134.798 million last year translating into an EPS of Rs. -0.48 vs. an EPS of Rs. -0.14 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 - net	10,282,860	7,998,759	28.56%
Cost of Sales	9,537,339	8,252,630	15.57%
Gross Profit/(Loss)	745,521	(253,871)
Selling and Distribution Expenses	935,513	917,158	2.00%
Administrative Expenses	238,828	384,464	-37.88%
Finance Costs	419,272	477,375	-12.17%
Other Operating Expenses	162,780	10,184	1498.39%
Other Income	360,482	1,745,412	-79.35%
Loss before Taxation	(650,390)	(297,640)	118.52%
Taxation	201,011	162,842	23.44%
Loss after Taxation	(449,379)	(134,798)	233.37%
Other Comprehensive Income	-	-
Total Comprehensive Loss	(449,379)	(134,798)	233.37%
Loss per Share - Basic and Diluted	(0.48)	(0.14)	242.86%

Company release on Earnings Report can be accessed here.

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