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

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 30th 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.

Posted on: 2018-04-24T14:53:00+05:00