Profit after tax of FFC increases by 50 percent

The profit after tax of Fauji Fertiliser Co (FFC) has increased by 50 percent to Rs 4.108 billion in the quarter ended March 31, 2011 as compared to Rs 2.729 billion earned in the corresponding period in 2010. The company's earning per share has increased to Rs 4.84 in the period under review against Rs 3.22 in the same period a year back.
The board of directors of the company in its meeting held on April 29, 2011 at Los Angeles, USA, recommended first interim cash dividend for the quarter at Rs 4.50 per share, ie 45 percent. According to the financial results sent to Karachi Stock Exchange, the company's sales increased to Rs 11.100 billion in this quarter against Rs 9.498 billion in the same quarter last year while cost of sales slightly reduced to Rs 5.190 billion against Rs 5.454 billion. The company's profit before taxation increased to Rs 6.119 billion in this quarter against Rs 3.821 billion in the same quarter last year.