Breaking News

Fatima Fertiliser earns Rs2b in Apr-Jun quarter

PHOTO: REUTERSPHOTO: REUTERS

PHOTO: REUTERS

KARACHI: Fatima Fertiliser’s distinction increasing 9% and reached Rs2.01 billion in a entertain finished Jun 30, 2017, that was driven by increasing volumetric sales, according to a bourse filing on Thursday.

The fertilizer manufacturer had reported a distinction of Rs1.85 billion in a analogous duration of prior financial year.

Fatima Fertilizer posts Rs1.91b profit

The association announced gain per share (EPS) of Rs0.96, adult 9% from Rs0.88 in a analogous duration of FY16. Its share cost decreased 1%, or Rs0.31, to Rs29.99 with 493,500 shares changing hands during a Pakistan Stock Exchange on Thursday.

The company’s sales surged to Rs9.43 billion, adult 25% from Rs7.51 billion in a analogous duration of prior year.

“Sales income surged on a behind of towering urea off-take due to expectancy of an boost in urea prices post-budget (for) mercantile year 2018,” Taurus Securities pronounced in a comments, “thereby, initiating bulk-buying poise by retailers in May-June 2017, heading to a large uptick in urea off-take.”

Cost of sales increasing to Rs5.08 billion, adult 30% year-on-year from Rs3.92 billion. Finance cost fell to Rs551.74 million from Rs663.50 million.

Fatima Fertilizer’s 2016 distinction down 57%

Revenues underneath a other income difficulty fell to Rs84.70 million from Rs194.84 million in a analogous entertain of final year.

Cumulatively, in a initial half (January-June 2017), a organisation purebred a distinction of Rs4.29 billion (earnings per share Rs2.04), adult 44% from Rs2.97 billion warranted in a analogous duration of final year.

Published in The Express Tribune, Aug 25th, 2017.

Like Business on Facebook, follow @TribuneBiz on Twitter to stay sensitive and join in a conversation.

Article source: https://tribune.com.pk/story/1490315/fatima-fertiliser-earns-rs2b-apr-jun-quarter/

Loading...

Related posts

OIC set to meet in Turkey to coordinate response on Trump’s al-Quds move

Times of News

WATCH: Pakistani prisoners being released from Sauid jail after PM Imran’s request

Times of News

Regulatory reforms causing difficulties for violators: DRAP

Times of News