Fauji Fertilizers Company (FFC) announced its financial results earlier today, posting earnings of PKR 4,874mn (EPS: PKR 3.83) during 2QCY20 compared to PKR 5,209mn (EPS: PKR 4.09) recorded during 2QCY19, a fall of 6% YoY. On a cumulative basis, FFC’s earnings rose by 3% YoY to PKR 9,136mn (EPS: PKR 7.18) during 1HCY20. Along with… Continue reading FFC – earnings depict consistency amidst the pandemic
Category: Fertilizer
FFBL announces a loss of PKR 1.24/sh during 2QCY20
– FFBL announced its result for 2QCY20 earlier today, posting a loss of PKR 1,160mn (EPS: PKR -1.24) compared with a loss of PKR 84mn (EPS: PKR -0.09) recorded during 2QCY19. Cumulative loss for 1HCY20 stood at PKR 4,207mn (EPS: PKR -4.50) against a loss of PKR 1,951mn (EPS: PKR -2.09) posted during 1HCY19. – FFBL’s revenues grew… Continue reading FFBL announces a loss of PKR 1.24/sh during 2QCY20
Pakistan Fertilizers – Earnings to rebound amidst recovering off-take
Earnings for the fertilizer sector during 2QCY20 are expected to rebound supported primarily by recovering off-take, particularly during Jun20. Off-take during Apr20 and May20 were largely affected by the uncertainty regarding the announced subsidy on urea, compelling dealers to withhold their purchases till further clarity. Moreover, the coronavirus led lockdown also affected sales during the… Continue reading Pakistan Fertilizers – Earnings to rebound amidst recovering off-take
