It is a public limited company incorporated in Pakistan and its shares are quoted on the Karachi, Lahore and Islamabad stock exchanges. The registered office of the company is situated at 93-Harley Street, Rawalpindi and the company is domiciled in Rawalpindi.
The principal activity of the company is manufacturing, purchasing and marketing of fertilisers and chemicals, including investment in other fertiliser and manufacturing operators.
The company's subsidiary is Fauji Fertiliser Bin Qasim Limited (FFBL). The list of its associates include, according to the Half Yearly Report (ended 30th June) Fauji Foundation, Mari Gas Company Ltd, Haldor Topsoe A/s, Denmark, Pakistan Maroc Phosphore S.A.
At present the share of the company is trading at Rs 115.06 per share which is more than 11 times of the par value. During the last one year price of the share peaked at Rs 155 per share and the lowest price was recorded at Rs 109 per share. At the current price the market capitalisation has reached 56.78 billion. On the other hand the breakup value per share is 25.15 which shows robust backbone of the balance sheet.
During the period, half year ended June 30, 2006 (HY 2005-06), the company generated sales at Rs 12.638 billion as against Rs 10.370 billion posted in the same period last year (SPLY).
Gross profit at Rs 4,620.30 million, other income at Rs 497.13 million registered 11.1% and 179.7% increase respectively, over SPLY.
Net Profit after taxation increased by 15.5% to Rs 2,191.08 million but net profit to sales percentage was lower at 17.33% against 18.31% of SPLY.
The Board of Directors has announced a second interim cash dividend of 20% (Rs 2 per share) for 2006. The total dividend including 1st interim dividend aggregates 42.5% (Rs 4.25 per share).
They said that the results for the half year indicate impressive operational and financial performance. The outlook for the year 2006 remains optimistic. But the fertiliser industry continues to be impacted by escalating gas prices.
===========================================================
Performance Statistics (Mln Rs)
===========================================================
Balance sheet -As At-
===========================================================
June 30 December 31
2006 2005
===========================================================
Share Capital-Paid-up: 4,934.74 4,934.74
Reserves & Surplus: 7,476.61 7,506.17
Shareholders Equity: 12,411.36 12,440.91
Non Current Liabilities: 858.25 981.08
Deferred Taxation: 2,338.00 2,401.00
Current Liabilities: 9,565.52 12,626.15
Fixed Assets: 9,369.21 9,184.73
Goodwill: 1,621.54 1,673.85
L.T. Investment: 6,099.75 6,058.01
L.T. Loans & Advance: 65.10 64.54
L.T. Deposits & Prepayments: 2.13 3.43
Current Assets: 8,015.39 11,464.58
Total Assets: 25,173.12 28,449.14
-----------------------------------------------------------
Profit & Loss A/c for the Half Year Ended June 30
-----------------------------------------------------------
2006 2005
-----------------------------------------------------------
Sales: 12,637.87 10,369.75
Gross Profit: 4,620.30 4,158.23
Other Income: 497.13 177.74
Finance (Cost): (186.17) (138.95)
Profit Before Taxation: 3,323.08 2,970.72
Net Profit After Taxation: 2,191.08 1,898.72
Earnings Per Share (Rs): 4.44 3.85
Share Price (Rs) on 28/08/06: 115.06 -
Price/Earning Ratio: 25.91 -
Current Ratio: 0.84 0.91
Gross Profit Margin (%): 36.56 40.10
Net Profit Margin (%): 17.33 18.31
R.O.A. (%): 8.52 6.67
R.O.E. (%): 17.65 15.26
===========================================================
COMPANY INFORMATION: Chairman: Lieutenant General Syed Arif Hasan, HI(M) (Retd); Chief Executive & MD: Lieutenant General Munir Hafiez HI(M) (Retd); Director: Qaiser Javed; Chief Financial Officer: Abid Maqbool; Company Secretary: Brigadier Muhammad Saleem Suleman SI(M) (Retd); Registered Office: 93-Harley Street, Rawalpindi Cantt. (Punjab); Website: www.ffc.com.pk; Plant sites: Goth Machhi; Sadikabad (Punjab); Mirpur Mathelo District Ghotki (Sindh).
Comments
Comments are closed.