The profit after tax of Fauji Fertiliser Bin Qasim has declined to Rs 2.13 billion in the nine month period ended September 30 this year against Rs 7.169 billion earned in the corresponding period in 2011. The company's earning per share reduced to Rs 2.28 in the period under review against Rs 7.88 in the same period last year.
The board of directors of the company in a meeting held on October 18 in Brazil recommended first interim cash dividend at Rs 2.25 per share ie, 22.5 percent. According to financial results sent to Karachi Stock Exchange, the company's net turnover decreased to Rs 29.208 billion in the nine month period this year against Rs 36.321 billion in the same period last year while cost of sales increased to Rs 22.778 billion against Rs 22.565 billion. The company's profit before taxation declined to Rs 3.122 billion in the nine month period this year against Rs 10.891 billion in the same period last year.