The gross profit increased by 11% to Rs8.3 billion in first quarter of 2015. PHOTO: ffc.com.pk
In line with market expectations, Fauji Fertilizer has posted a net profit of Rs5.90 billion in the first quarter (Jan-Mar) of calendar year 2015, up 29% from Rs4.56 billion in the same quarter previous year.
Earnings per share (EPS) of the company jumped to Rs4.64 from Rs3.58 in the period under review.
The result also accompanied an interim cash dividend of Rs3.94 per share. The revenue of the company posted a growth of 16% year on year to Rs20.4 billon owing to 8.8% year on year increase in urea off-take.
The gross profit increased by 11% to Rs8.3 billion in first quarter of 2015. However, gross margins of the company declined by 189 basis points to 40.7%.
On quarter-on-quarter basis, revenue of the company dropped by 22%, whereas the gross margins improved by 511 basis points.
Published in The Express Tribune, April 29th, 2015.
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