FFC half-year earnings rise 36pc

Fauji Fertilizer Firm (FFC) on Tuesday reported a 36 % improve in its half-year earnings as a consequence of a rise within the internet turnover.

In a press release to the Pakistan Inventory Alternate, the corporate reported a internet revenue of Rs13.078 billion for the half-year ended June 30, up from Rs9.599 billion throughout the identical interval final yr.

The corporate additionally introduced an interim money dividend for the half-year at Rs3.15, which is along with the interim money dividend already paid at Rs4.26/share. Earnings per share got here in at Rs10.28, in contrast with Rs7.55 a yr in the past.

Turnover for the interval rose to Rs71.958 billion from Rs54.705 billion a yr earlier. The price of gross sales additionally elevated to Rs40.730 billion from Rs33.805 billion, the corporate stated.

For the quarter ended June 30, the corporate reported a internet revenue of Rs5.348 billion, up from Rs3.359 billion recorded throughout the identical quarter final yr. EPS for the quarter was Rs4.20 in contrast with Rs2.64 in Q1 final yr.