FFC posts net profit of Rs15.89 billion

Web Desk BOL News

27th Oct, 2021. 09:53 pm

Fauji Fertilizer Company Limited has been providing advisory services to the farming community across Pakistan since 1981. Photo: Wikipedia

Fauji Fertilizer Company Limited (FFC) announced that the company has registered a net profit of Rs15.89 billion during the first nine months of the ongoing year, said a press release on Wednesday.

The financial results for the nine months ended September 30, 2021 were announced after FFC’s Board of Directors meet on October 27, 2021.

“The company achieved net profitably of Rs15.89 billion translating into an earning per share of Rs12.49 which was 15% higher than the last year,” read the statement.

The company also declared the third interim dividend of Rs3.75 per share, with an aggregate distribution of Rs9.85 per share for the three quarters of the year 2021.

FFC said during the nine months it produced of 1,867 thousand tonnes of Sona Urea and accumulated aggregate sales revenue of Rs73.59 billion.

“Other income of the company also increased due to higher dividend distribution by an associated company,” said the statement.