The profit after tax (consolidated) of Fauji Fertilizer Bin Qasim Limited has increased to Rs 925.238 million in the year ended December 31, 2017 as compared to Rs 228.644 million earned in the corresponding period in 2016. The company's earning per share surged to Rs 2.03 in the period under review against Rs 1.00 in the same period a year back.
The board of directors of the company in its meeting held on Friday at Islamabad recommended final cash dividend for the period at Rs 0.75 per share ie 7.5 percent. According to the financial results sent to Pakistan Stock Exchange, the company's net sales increased to Rs 64.388 billion in the year 2017 against Rs 49.222 billion in 2016. The cost of sales increased to Rs 54.810 billion in this period against Rs 48.175 billion. The company's profit before taxation increased to Rs 1,184.397 million in 2017 against Rs 184.023 million earned in 2016.