Fauji Fertilizer announces Rs4.06b profit in 2015

Results above market expectations, accompanied by Rs3.05 dividend

KARACHI: Saved by earnings in the last quarter, Fauji Fertilizer Bin Qasim (FFBL), on Tuesday, announced a net profit of Rs4.06 billion in the year that ended on December 31, 2015, up 1% compared to the same period of calendar year 2014, according to a company notice issued to the Pakistan Stock Exchange (PSX).

Earnings per share (EPS) jumped to Rs4.35 compared to an EPS of Rs4.30 in the period under review.

In the fourth quarter (Oct-Dec) of calendar year 2015 (4QCY15) alone, the company’s earnings jumped to Rs3.1 billion or an EPS of Rs3.3 compared to Rs182 million or an EPS of Rs0.19 reported in the third quarter of calendar year 2015 (3QCY15).

“The fourth-quarter results surprised the market that took full year 2015 EPS to Rs4.35, up 1.1% year on year against our expectations of year on year dip,” JS Research reported.

The result also accompanied a final cash dividend of Rs3.05 per share, taking full year CY15 pay-out to Rs3.8 per share.

PSX 100-Index closed on 31, 074 points, up 9.25 points or 0.03% on Tuesday. The company share price showed a jump of 1.45% and closed Rs49.75 at the end of trading on PSX 100-Index.

Significant jump in other income of Rs3.9 billion in 4Q2015 from Rs614 million during same period last year was a major surprise.

Published in The Express Tribune, January 27^th, 2016.

Like Business on Facebook, follow @TribuneBiz on Twitter to stay informed and join in the conversation.