The profit after tax of Fauji Fertiliser Company (FFC) has reduced to Rs 3.457 billion in the quarter ended September 30, as compared to Rs 5.646 billion earned in the corresponding period in 2011. The company’s earning per share decreased to Rs 2.72 in the period under review against Rs 4.44 in the same period last year.
The board of directors of the company in its meeting held on October 21, recommended third interim cash dividend for the quarter ended September 30, at Rs 2.5 per share ie 25 percent. This is in addition to 30 and 50 percent interim cash dividends already paid, for the aforesaid year. According to the financial results sent to Karachi Stock Exchange on Monday the company’s sales decreased to Rs 13.903 billion in this quarter against Rs 14.311 billion in the same quarter last year while cost of sales increased to Rs 7.059 billion against Rs 6.012 billion.
The company’s profit before taxation declined to Rs 5.315 billion in this quarter against Rs 7.921 billion in the same quarter last year. On cumulative basis, the company’s profit after tax stood at Rs 13.792 billion translating into earning per share of Rs 10.84 in the period ended September 30, as compared to after tax profit of Rs 13.834 billion with earning per share of Rs 10.87 in the same period last year.