The profit after tax of Fauji Fertiliser Company Limited (FFC) has increased to Rs 2.686 billion in the quarter ended March 31, 2009 as compared to Rs 1.741 billion earned in the corresponding period of 2008. The earning per share of the company has surged to Rs 4.36 in the period under review against Rs 2.82 in the same period a year back.
The board of directors of the company in its meeting held on Thursday recommended first interim cash dividend for the quarter at Rs 4.30 per share ie 43 per cent. The board also recommended to issue 10 per cent bonus shares in the proportion of 10 shares for every 100 shares.
According to the financial results, the company's sales increased to Rs 8.232 billion in this quarter against Rs 7.121 billion in the same period last year. The cost of sales increased to Rs 4.505 billion against Rs 4.244 billion. The company's profit before taxation increased to Rs 3.667 billion in this quarter against Rs 2.469 billion in the same period last year.
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