FFBL earns Rs4.02bn in 2014

KARACHI: Fauji Fertilizer Bin Qasim (FFBL) posted earnings of Rs4.02 billion (earnings/share of Rs4.30) for full year 2014, down 31 percent year on year.
The company, in its results announcement on Friday, declared a final cash dividend of Rs2.25/share. This takes full year payout to Rs4.0/share.
In fourth quarter alone, earnings clocked in at Rs2.4/share, a decline of 10 percent YoY. The decline was largely led by drop in gross margins (-200bps quarter on quarter) as the company was unable to pass on gas infrastructure development cess increase.
AHCL posts Rs2.90bn profit in 6-mth
Arif Habib Corporation Limited (AHCL) Friday announced a profit after tax of Rs2.90 billion for the half-year ended December 31, 2014 as compared to Rs1.42 billion in the corresponding period.
This translated into an earnings/share (EPS) of Rs6.40 for the half year compared to EPS of Rs3.14 in the same period last year.
One spokesperson for the company said strong earnings performance was a result of its strategic investments, which included the fertiliser, real estate, steel, cement, energy, securities brokerage, asset management and corporate finance sectors.

FFC profit drops 10pc in 2014
Fauji Fertilizer Company (FFC) on Friday posted 10 percent fall in it full-year net profit as the cost of sales increased by 26 percent.
The net profit remained at Rs18.2 billion in the 12 months to December 2014 as compared to Rs20.1bn in the corresponding period of 2013. The earnings per share remained at Rs14.3.
The FFC announced a final cash dividend of Rs3.5/share, taking total payout to Rs13.7/share in 2014 as compared to Rs15.4/share in 2013. The company profits for the fourth quarter of 2014 also marginally fell by one percent to Rs5.3 billion.