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FFBL Financial Review - by xpertwriter
The profit after-tax of Fauji Fertiliser Bin Qasim Limited (FFBL) has declined to Rs 162.09 million in the quarter ended March 31, 2008 as compared to Rs 374.348 million earned in the corresponding period last year.
The board of directors of the company in its meeting declared that the company's earning per share stood at Rs 0.17 in the period under review against Rs 0.40 in the same period a year ago.
According to financial results, the company's net sales declined to Rs 2.004 billion in this quarter against Rs 3.034 billion in the same quarter in previous year.
On the other hand, cost of sales stood at Rs 1.402 billion in this period against Rs 2.113 billion previously. The company's distribution costs declined to Rs 271.045 million against Rs 309.274 million while the administrative expenses increased to Rs 50.368 million against Rs 34.418 million. The company's profit before-tax stood at Rs 224.383 million in this quarter against Rs 572.815 million in the same quarter last year.