Fauji Fertilizer posts profit of Rs2.35 billion

KARACHI: Fauji Fertilizer Company Limited has posted a net profit of Rs2.35 billion translating into earnings per share (EPS) of Rs1.85 for the quarter ended June 30, 2015.
The company’s profitability is down 34.5 percent as compared to the profit of Rs3.60 it earned in the quarter ending June 30, 2014 translating into EPS of Rs2.83.
The company has also declared a cash dividend of Rs1.75 per share for the quarter ended June 30, 2015, which is in addition to interim dividend of Rs3.94 per share already paid to the shareholders.
The sales revenue for the quarter under review stood at Rs18.77 billion as compared to Rs18.42 billion last year, however higher cost of sales trimmed company’s gross profits. Moreover, other income of Fauji Fertilizer’s during the quarter surged to Rs487.86 million as against Rs281.08 million in the corresponding quarter last year.