Fauji Fertilizer Company (FFC) has posted Rs 2.612 billion as profit after tax in the quarter ended September 30, 2016 as compared to Rs 3.680 billion in the corresponding period in 2015.
The company's earning per share stood at Rs 2.05 in the period under review against Rs 2.89 in the same period last year. The board of directors of the company in its meeting held on Wednesday at Rawalpindi recommended an interim cash dividend for the quarter at Rs 1.75 per share ie 17.50 percent. This is in addition to interim dividend already paid at Rs 3.40 per share ie 34 percent.
According to the financial results, the company's sales increased to Rs 17.603 billion in this quarter against Rs 15.107 billion in the same quarter last year while the cost of sales surged to Rs 13.513 billion against Rs 9.155 billion. The company's profit before taxation stood at Rs 3.783 billion in this quarter against Rs 4.598 billion in the same quarter last year. FFC's profit after tax in the nine month period ended September 30, 2016 stood at Rs 7.505 billion translating earning per share of Rs 5.90 as compared to PAT of Rs 11.945 billion with EPS of Rs 9.39 in the same period in 2015.