FFC posts Rs17.1bn net profit for 2019

Fauji Fertilizer Company Limited (FFC) has announced its financial results for the year 2019, declaring a net profit of Rs17.11 billion which translated into earnings per share of Rs13.45 (19pc higher than last year).

The company also declared a final dividend of Rs3.25 per share for the quarter, with aggregate distribution of Rs10.80 per share for the year 2019.

The company attained urea production of 2,492,000 tonnes while the aggregate sales revenue for the year was Rs105.78 billion.

Despite a significant increase in input costs and macroeconomic challenges, the company has maintained its sales revenue through aggressive management efforts while also continuing austerity drive to sustain profitability margins.

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