In a latest notification to the PSX, the Fauji Fertilizer Company Ltd (PSX:FFC) announced the result for the year ended December 31, 2020. The company announced the Profit After Tax of Rs.29.7Bn, showing a growth of 72% YoY basis. The Eanring Per Share (EPS) clocked in at Rs. 23.38.
The company earning were increased as a result of Low expense and a surge in Share of Profit of Associates & Joint venture that recorded profit of Rs. 8.29Bn as compared to the loss of Rs. 379.3Mn
Net Sales of the company stood at 102.7Bn declined by 6%. The Cost of Sales was also down by 11%, that translated into higher Gross Profit of Rs. 34.4Bn (4.9% Up).
The Finance and Administrative Expense recorded a decline of 27% and 6.7% respectively. Moreover, the company also announced Final Cash Dividend of Rs. 3.40 per share (34%)
Fauji Fertilizer Company Limited (FFC) – Annual Result
EPS 2020 = 23.38 PKR
EPS 2019 = 13.62 PKR
Cash Dividend = 3.40 PKR
Bonus Share = NIL