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%
Company release on Earnings Report can be accessed here.
