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

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

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.

Posted on: 2018-04-25T13:20:00+05:00
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