US
We would like to clarify that the earlier report erroneously mentioned “down” when the profit was up 14%
Higher urea prices, increase in DAP margins aid earnings growth
Sponsors have extended FFC guarantee of $82m to help meet debt requirement
Earnings per share decrease to Rs1.90 in quarter ended June 2017
Increase mainly due to rise in income from non-core business
The result was below market expectations and the decline in earnings was due to lower DAP selling price
118MW coal-fired plant will start production by the end of April
Objective is to build ‘strategic alliance instead of attracting equity’, says CEO
In 2015, the company had earned Rs5.1 billion
Earnings per share declined to Rs2.2 as low urea sales took their toll