The National Fertiliser Corporation (NFC) has earned a profit of Rs 1,395.23 million in 2003-04 which is 267.44 percent high as compared to the previous year. Moreover, the sales of the units of the corporation during 2003-04 were 18.11 percent high as compared to 2002-03.
According to a report, aggregate production of Pak-Arab Fertiliser increased from 742,173 metric tons in 2002-03 tons to 836,448 metric tons in 2003-04, which is 13 percent high.
Net sales increased from Rs 4,634 million to Rs 7,097 million (53 percent) during the year 2003-04. Profit depicts increase from Rs 1,116 million to Rs 1,794 million, which is 61 percent high.
Production of single super phosphate of Lyallpur Chemicals and Fertiliser Limited shows increase from 74,500 metric tons to 78,385 metric tons, which is five percent high.
Net sales shows increase from Rs 366 million to Rs 515 million, which is 41 percent. Profit depicts increase from Rs two million to Rs 18 million, which is 800 percent high. The performance is attributed to higher production and sales activities.
The production of Granulated Single Super Phosphate of Hazara Phosphate increased from 68,172 metric tons to 89,340 metric tons, which is 31 percent high. Net sales increased from Rs 376 million to Rs 611 million, which is 63 percent high.
Profit increased from Rs two million to Rs nine million (350 percent) during the current year 2003-04. Production of Urea of Pak American Fertiliser increased from 289,691 metric tons to 310,717 metric tons, which is seven percent higher.
Net sales increased from Rs 1,901 million to Rs 2,658 million, which is 40 percent high. The company earned profit of Rs 102 million during 2003-04 against loss to Rs 599.00 million suffered during last year.
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