FFC announces third Quarterly Results for Year 2023.

Lahore: Fauji Fertilizer Company Limited (FFC) announced its financial results for the quarter that ended September 30, 2023, in its Board of Directors meeting held on October 25, 2023.
The Company has earned a net profit of Rs. 22.21 billion for the period ended on September 30, 2023, and registered an EPS of Rs. 17.46 compared to Rs. 11.67 last year. The earnings in dollarized terms stood at USD 80 million compared to USD 75 million in the previous year.
This achievement is attributable to various initiatives including the Company’s continued drive for cost economization and efficiency optimization, especially in view of persistent high rates of inflation, financial cost, and weak rupee.
Plant sites delivered urea output of 1,926 thousand tonnes, around 7% higher than last year mainly due to improved reliability of the Company’s production facilities. Higher production, favorable weather and anticipation of increase in urea selling prices due to impending gas price increase resulted in a surge in sales volume to 1,911 thousand tonnes.
The Board of Directors also announced an Interim Cash Dividend for the quarter that ended September 30, 2023, at Rs 3.98 per share i.e. 39.80%. This is in addition to Interim Dividends already paid at Rs 7.41 per share i.e. 74.10