Lahore, March 17, 2016 (PPI-OT): Fauji Fertilizer Company has achieved net profit after tax of Rs. 16.766 billion, with EPS of Rs. 13.18 and paying out dividend of Rs. 11.86 per share. The FFC has created two new benchmarks in terms of highest ever sales revenue of Rs. 86.321 billion (including DAP subsidy), besides record investment income of Rs. 1.985 billion, despite GIDC payment obligation. Company also achieved second highest urea production ever of 2.469 Million tonnes.
It was disclosed in the 38th Annual General Meeting of Fauji Fertilizer Company Limited (FFC) was held at Sona Tower, Rawalpindi. Lt Gen Khalid Nawaz Khan, HI (M), Sitara-e Esar, (Retired), the Chairman of FFC, while addressing the shareholders, apprised that FFC during the year 2015 surpassed all the budgeted targets in terms of production, sales, revenues, investment income and profitability margins, despite incremental levies and adverse market conditions.
The Chairman thanked shareholders for their confidence in the Company and Management. He assured them that FFC will remain committed to achieving higher standards of performance to protect shareholder’s interests. During the year 2015, FFC got first position amongst Top 25 Companies of the Karachi Stock Exchange for the fourth consecutive year and has been adjudged as most transparent and best governed corporate entity by various international and Pakistani institution.
For more information, contact:
Fauji Fertilizer Company Limited
Lahore Trade Centre
PABX: (+92-42) 36369137-40, 36308429-30, 36315021, 36369278-79, 36313994
Fax: (+92-42) 36366324