FFBL declares second interim dividend

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Agriculture - Articles

The profit after tax of Fauji Fertiliser Bin Qasim (FFBL) increased to Rs 1,955. 872 million in the quarter ended on June 30, 2011 as compared to Rs 913. 370 million earned in the corresponding quarter of last year. The company s earning per share increased to Rs 2. 09 in the period under review against Re 0. 98 in the same period a year back.

The board of directors of the company in its meeting held on July 26, 2011 in Vienna, Austria, recommended second interim dividend for the period ended June 30, 2011 at Rs 2. 25 per share ie 22. 5 percent. According to the financial results sent to Karachi Stock Exchange (KSE), the company s turnover increased to Rs 9. 962 billion in this quarter against Rs 5. 353 billion in the same quarter of last year. The cost of sales increased to Rs 5. 781 billion against Rs 3. 326 billion.

The company s profit before taxation increased to Rs 3. 225 billion in this quarter against Rs 1. 273 billion earned in the same quarter of last year. On half-year basis, the company s profit after tax increased to Rs 3. 513 billion translating into earning per share of Rs 3. 76 in the six months period ended on June 30, 2011 against after tax profit of Rs 1. 722 with per share earning of Rs 1. 84 in the same period of last year.

 

Courtesy: Business Recorder


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