Fauji Fertilizer Company profits rise 3.33 percent to Rs. 2.265 billion

MG News | April 25, 2018 at 01:20 PM GMT+05:00

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Fauji Fertilizer Company Limited (FFC) today announced financial results for the year ending 31 March, 2018 reporting Sales at Rs. 20.557 billion; an increase of 83.71 percent. Furthermore, the company’s Gross Profit rose to Rs. 4.092 from Rs. 2.601 billion last year during the outgoing twelve months.

On the expenses front, FFC reported 14.90 percent increase in Distribution Costs, 28.48 percent decrease in Finance Costs, whereas, other expenses incurred by the company clocked in at Rs. 382.131 million during the period.

Furthermore, FFC also reported a 24.72 percent decrease in Other Income reaching Rs. 2.085 billion during the twelve months.

Fauji Fertilizer Company Limited reported profit after taxation at Rs. 2.265 billion against Rs. 2.192 billion during the same period last year translating into an EPS of Rs. 1.78 vs. an EPS of Rs. 1.72 during the twelve months ending March, 2017.

Comparison of Key Financials
Unconsolidated Profit and Loss Account - For the Year Ended, 31 March, 2018
Key Financials	2018	2017	% Change
	Amounts in PKR ‘000
Sales	20,557,809	11,190,349	83.71%
Cost of Sales	16,464,927	8,588,999	91.70%
Gross Profit	4,092,882	2,601,350	57.34%
Distribution Costs	1,925,273	1,675,645	14.90%
Finance Cost	377,108	527,266	-28.48%
Other Expenses	382,131	308,855	23.73%
Other Income	2,085,757	2,770,547	-24.72%
Profit before Taxation	3,494,127	2,860,131	22.17%
Taxation	1,229,000	668,000	83.98%
Profit after Taxation	2,265,127	2,192,131	3.33%
EPS - Basic and diluted	1.78	1.72	3.49%