Summary of Fauji Fertilizer Company’s Q1 2024 Financial Results
Fauji Fertilizer Company Limited (FFC) announced its financial results for Q1 2024, with Sona Urea production at 654 thousand tonnes and sales at 661 thousand tonnes. Sales revenue increased to Rs 58.4 billion, attributed to higher sales volume and increased selling prices due to escalated gas prices. Cost of sales rose by 88% to Rs 41.1 billion, and distribution cost surged by 70% to Rs 5.2 billion. Net profitability stood at Rs 10.5 billion with an EPS of Rs 8.27. The Board of Directors declared a first interim dividend of Rs 5.5 per share for the first quarter of 2024.
more at : FFC Announces First Quarterly Results for Year 2024 – Mettis Global Link