DAP

Research house forecasts 104% YoY earnings boost, driven by rising prices of urea, DAP

Brokerage house reveals offtake trends, highlighting divergence in fertiliser preferences

Earnings per share drop to Rs9.26 in year ended December 31, 2016

In 2015, the company had earned Rs5.1 billion

Govt had withdrawn cash subsidy of Rs156 per bag of urea earlier this week

Recovery comes with arrival of Rabi season coupled with support from subsidy package

Ministry, however, lacks expertise in processing such claims

Federal secretary seeks time to address grievances of importers

Decision taken after govt failed to establish mechanism for subsidy payments

Twenty-two companies are importing DAP, but have not received subsidy

Amount earmarked has been exhausted, states notification.