ISLAMABAD: Keeping up to the reputation of professionalism and dedication of its workforce and the foresight of the management, Fauji Fertilizer Company (FFC) has announced financial results for the year 2017 with a net profit of Rs 10.71 billion translating into Earnings per Share (EPS) of Rs 8.42. The company declared a dividend of Rs 3 per share for the quarter which aggregates to Rs 7 per share for the year 2017.
Notwithstanding the market fluctuations and daunting business challenges due to regulatory uncertainty, coupled with other complexities, FFC has been able to come up to expectations of its shareholders and stakeholders by remaining socially and ethically responsible.
On the production front, the company crossed 2,500,000 tonnes urea production for the second consecutive year while attaining record ever highest urea sales of 2,697,000 tonnes. Highest ever FFC Di Ammonium Phosphate (DAP) imports and over 500,000 tonnes sales were also recorded during the year.
This success has only been possible by adopting comprehensive mitigation strategy to brave the negative impact of the market through stringent cost control measures and professional management of financial operations.
Income on investments and deposits was recorded at Rs 1.16 billion. Dividend income of Rs 2.28 billion was recorded for the whole year while contributions to the exchequer amount to Rs 5.03 billion during 2017.
