FFC announces half yearly results for period

F.P. Report
KARACHI: In the meeting of Board of Directors of Fauji Fertilizer Company Limited (FFC) held on Friday, the Board announced financial results for the six month period ended June 30, 2021.
The Company achieved net profitably of Rs9.44 billion translating into an EPS of Rs7.42 which was 3 percent higher than the corresponding period of last year.
The company also declared second interim dividend of Rs2.60 per share for the quarter with an aggregate distribution of Rs.6.10 per share during the first half of the year.
Fauji Fertilizer Company Limited attained Sona Urea production of 1,222 thousand tonnes during the period and registered all product sales revenue of Rs44.02 billion.
Other income of company increased due to higher dividend distribution by associated companies whereas the unwinding of GIDC liability of Rs.1.2 billion had an adverse impact on profitability.