FFBL increases DAP prices by Rs 50/bag

Fauji Fertilizer Bin Qasim Limited (FFBL) has increased DAP prices by Rs 50.00 per bag to Rs 2,670.00 per bag. The price increase will be effective from today (November 15, 2017). Other players in the industry have also increased DAP prices and revised average prices now stand at Rs 2,630.00 per bag. FFC DAP will also be available at the same rate.
"Annualized earning per share (EPS) impact of the said development on both Fauji Fertilizer Company (FFC) and Engro Fertilizers Limited (EFERT) is Rs 0.02 and on FFBL is Rs 0.52", an analyst at JS Global Capital said.