Profit after tax of Fauji Fertiliser increases

The profit after tax of Fauji Fertiliser Bin Qasim Limited has increased to Rs 10.767 billion in the year ended December 31, 2011 as compared to Rs 6.514 billion earned in the corresponding period in 2010. The company's earning per share has increased to Rs 11.53 in the period under review against Rs 6.97 in the same period last year.
The board of directors of the company in its meeting held on Thursday recommended final cash dividend for the period ended December 31, 2011 at Rs 3.50 per share ie 35 percent. According to the financial results sent to Karachi Stock Exchange, the company turnover increased to Rs 55.868 billion in 2011 against Rs 43.256 billion in 2010. The cost of sales increased to Rs 35.753 billion against Rs 29.793 billion. The company's profit before taxation increased to Rs 16.169 billion in 2011 as compared to Rs 9.685 billion in 2010.