FFBL reports profit of Rs492m

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KARACHI: Fauji Fertilizer Bin Qasim Limited (FFBL) reported a profit-after-tax of Rs492 million for the quarter that ended on March 31, 2013 against a loss-after-tax of Rs387 million experienced during the same quarter last year, the company said.


This translated into earning per share at Rs0.53 against a loss per share of Rs0.41.


“The company posted gross profit of Rs1.6 billion due to higher urea and DAP sales against gross loss of Rs265 million in the same period last year,” Asad I. Siddiqui, an analyst at Topline Securities. Other income fell to Rs128 million against Rs512 in the same period last year.


“The income fell primarily due to a loss of Rs48 million from its JV Pakistan Maroc Phosphore compared to a profit of Rs192 million last year.”

Courtesy:  Tha News

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