Friday, July 18, 2025

FFC earns Rs. 4.89 Billion For The Period Ended June 30, 2016

FFC earns Rs. 4.89 Billion For The Period Ended June 30, 2016

Lahore: July 27, 2016: Fauji Fertilizer Company (FFC) announced half yearly results amid unprecedented adverse market conditions. The Urea industry remained under severe pressure during the period.

Fauji_Fertilizer_Company_logo.svg This is mainly attributed to poor farm economics and persisting rumors of urea subsidy that negatively impacted Urea Sales.  Thus the urea market witnessed a substantial decline of around 36% in sales, which is the lowest half yearly offtake in more than a decade. In spite of volatile market conditions, FFC recorded net earnings of Rs. 4.89 billion for the period ended June 30, 2016, in spite of  levy of 3% Super Tax and absorption of part of fertilizer  subsidy announced by the Government. Although, the core business of the Company witnessed significant decline due to factors highlighted above, however, the deficit has been bridged by highest ever dividend of Rs 2.27 billion received through associated companies. The Company earned Rs. 3.85 per share, while declaring divided per share of Rs 1.55.The Company created a new benchmark during the period in terms of highest ever urea production of 1.25 million tonnes with lowest shut down periods which reflects operational excellence of our engineers and the management. FFC also achieved 12.6 million man-hours of safe operations without lost work injury. The rising inventory and high cost of production continue to pose substantial risk to the Company’s profitability, however, the management is committed to mitigate the negative impact of the current business environment through various strategies.

spot_img

Subscribe

Related articles

Anesthesia-Related Lung Diseases & Asthma Complications

📚 Content Table: Anesthesia and Lung Diseases (Asthma Related) Sr....

iPhone 16 – Full Specifications with Detailed Explanation

📚 Content Table: iPhone 16 Specifications Sr. No. Feature Category Details 1 Display 6.3-inch Super...

Pharmacology in Anesthesia – Explained by Dr. Jannat Shayyan

📚 Content Table: Pharmacology in Anesthesia Sr. No. Category Drug Class /...

Full Explanation of All Anesthesia Machine Faults – By Eng Shayyan Khan

Common Faults in the Anesthesia Machine Written by: Eng. Shayyan...
spot_img