‘FFC maintains No 1 ranking in PSX’

KARACHI: Fauji Fertilizer Company (FFC) has been declared first among the top 25 companies of the Pakistan Stock Exchange (PSX) for the year 2016 for the seventh consecutive time since 2010, a statement said on Monday.

The basis of evaluation for the award includes dividend pay-out, capital efficiency, profitability, free float of shares, transparency and investor relation, and compliance with listing of companies and securities regulations.

FFC Chief Executive and Managing Director Lt Gen (retd) Shafqaat Ahmed appreciated the efforts of the management for maintaining the remarkable position of honour for the seventh year.

He acknowledged and appreciated the relevant departments of the company and the workforce for their exemplary professionalism that led to the achievement.

“FFC has always displayed excellence in governance, compliance to statutory obligations, conformity and adherence to international corporate and financial standards. Declaration by PSX reflects high standards of transparency, controls, disclosures, commitment, fairness, accountability and good board practices,” he said. Ahmed further said the achievement of this honour reflected the professionalism which has assured investors confidence through best returns, greater protection of their rights, investments and best utilisation of their money for growth of the company.