Fatima Fertilizer’s earnings fall on weaker sales
No dividend declared for third quarter in a row
Fatima Fertilizer plant PHOTO: FILE
KARACHI:
Fatima Fertilizer Company Limited, part of the Arif Habib Group, reported a net consolidated profit of Rs2.58 billion in the quarter ended September 2017, down 26% compared to Rs3.47 billion in the same period of last year, according to a company notice sent to the Pakistan Stock Exchange.
Fatima Fertilizer posts Rs1.91b profit
Earnings per share stood at Rs1.23 in Jul-Sep 2017 compared with Rs1.66 in the corresponding period of previous year. In the first nine months of 2017, the company posted net earnings of Rs5.61 billion, down 11% compared with Rs6.32 billion in the same period of preceding year.
The KSE-100 index closed at 41,291, down 192 points or 0.46%. Fatima Fertilizer’s share price stood at Rs30.51, down 0.42%.
Fatima Fertilizer switches to profit
Similar to the previous two quarters, the company did not declare any dividend for the third quarter.
Published in The Express Tribune, October 25th, 2017.
Fatima Fertilizer Company Limited, part of the Arif Habib Group, reported a net consolidated profit of Rs2.58 billion in the quarter ended September 2017, down 26% compared to Rs3.47 billion in the same period of last year, according to a company notice sent to the Pakistan Stock Exchange.
Fatima Fertilizer posts Rs1.91b profit
Earnings per share stood at Rs1.23 in Jul-Sep 2017 compared with Rs1.66 in the corresponding period of previous year. In the first nine months of 2017, the company posted net earnings of Rs5.61 billion, down 11% compared with Rs6.32 billion in the same period of preceding year.
The KSE-100 index closed at 41,291, down 192 points or 0.46%. Fatima Fertilizer’s share price stood at Rs30.51, down 0.42%.
Fatima Fertilizer switches to profit
Similar to the previous two quarters, the company did not declare any dividend for the third quarter.
Published in The Express Tribune, October 25th, 2017.