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Corporate Results FFC - by xpertwriter
The net profit after tax of Fauji Fertiliser Company Limited (FFC) has increased to Rs 3,286.314 million in the half year period ended June 30, 2008 as compared to Rs 2,384.547 million earned in the corresponding period in 2007.
The company's earning per share surged to Rs 6.66 in the period under review against Rs 4.83 in the same period last year. The board of directors of the company, at its meeting held on Wednesday recommended second interim cash dividend for the half year at Rs 3.00 per share ie 30 percent. This is in addition to the first interim dividend already paid at Rs 3.50 per share ie 35 percent.
According to the financial results, the company's sales increased to Rs 14.025 billion in the first half of 2008 as compared to Rs 10.090 in the same period a year back. On the other hand, the cost of sales surged to Rs 7.906 billion in this period against Rs 5.723 billion previously.
Distribution cost also increased to Rs 1,257.582 million in this period against Rs 1,087.200 million in the same period last year. Finance cost, however declined to Rs 230.218 million against Rs 316.297 million. Other expenses increased to Rs 410.374 million against Rs 351.168 million. The company's net profit before tax increased to Rs 4,898.314 million in this period against Rs 3,395.547 million in the same period last year