Karachi, August 29, 2019: Pakistan Fertilizer Sector posted cumulative growth of 48 percent YoY in their earnings during 2Q2019 due to increase in gross profit margin by 2 percent YoY, lower selling & distribution cost by 13 percent YoY, and increase in other operating income by 31 percent YoY. Topline in a report revealed that urea…
Karachi, August 8, 2019: Engro Fertilizer (EFERT) posted earnings of Rs3.2 billion (EPS Rs2.38) down 2.5 percent YoY mainly on the back of higher other operating expenses and finance cost. On a cumulative basis during 1HCY19 earning remained flat at Rs7.18 billion (EPS: Rs5.38). According to Topline, consolidated gross margins of the company increased by…
Karachi, July 26, 2019: Fauji Fertilizer Bin Qasim (FFBL) posted a loss of Rs0.55 per share on consolidated basis due to decline in GP margins by 2 points YoY to 16 percent and increase in finance cost by 98 percent YoY to Rs2.3 billion for 2Q2019. The Food business of the company (Fauji Foods) posted…
Islamabad, July 19, 2019: The fertilizer industry has voluntarily held back the impact of recent gas price increase, in order to prevent backlash of recent gas price hike from farmers. This was agreed on request of Advisor Industries, Razzaq Dawood. The Advisor has assured the industry about the settlement of GIDC effective 01 July to…
Islamabad, July 18, 2019: The fertilizer industry has asked the federal government for immediate settlement of GIDC. The fertilizer industry, in order to prevent an adverse situation that could cause Government serious problems, has been providing its major contribution towards the employment and the national exchequer. It fully supports the Government nonetheless anticipates that to…