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Fauji Fertiliser posts profit

Our Equities Correspondent Published January 27, 2021
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KARACHI: The winter results season kicked off on Tuesday with Fauji Fertiliser Bin Qasim (FFBL) announcing profit-after-tax (PAT) at Rs2.192 billion for the CY20, translating into earnings per share (EPS) at Rs1.70 as against loss of Rs5.92bn (EPS: Rs4.60) in CY19.

“Better DAP offtake, up 35pc year-on-year, and improved margins due to Gas Infrastructure Develop­ment Cess elimination in 2020 led the company to post a turnaround in profitability,” said analyst Noor Huda Shaikh at BMA Capital Management Ltd.

Published in Dawn, January 27th, 2021

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