Fauji Fertilizer’s profit up by 1% to Rs 4.06b in 2015

KARACHI: Fauji Fertilizer Bin Qasim’s (FFBL) net profit has increased by 1 per cent to Rs4.06 billion in the year that ended on December 31, 2015, as compared to the same period of last year 2014.

According to a company notice issued to the Pakistan Stock Exchange (PSX), Earnings per share (EPS) jumped to Rs4.35 compared to an EPS of Rs4.30 in the period under review.

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In the fourth quarter (Oct-Dec) of calendar year 2015 (4QCY15) alone, the company’s earnings jumped to Rs3.1 billion or an EPS of Rs3.3 compared to Rs182 million or an EPS of Rs0.19 reported in the third quarter of calendar year 2015 (3QCY15).

“The fourth-quarter results surprised the market that took full year 2015 EPS to Rs4.35, up 1.1% year on year against our expectations of year on year dip,” JS Research reported. The result also accompanied a final cash dividend of Rs3.05 per share, taking full year CY15 pay-out to Rs3.8 per share.