Islamabad, Jan 29: Fauji Fertilizer Company Limited (PSX: FFC) has reported strong financial results for the calendar year ending December 31, 2024. The company posted a consolidated profit after tax (PAT) of Rs. 85.5 billion, reflecting an impressive 80 percent increase compared to Rs. 47.4 billion during the same period last year.
The company declared a final cash dividend of Rs. 21 per share, equivalent to 210 percent, marking a significant payout to shareholders. This final dividend is in addition to the interim dividends already paid, which amounted to Rs. 15.5 per share (155 percent), later revised to Rs. 13.86 per share (138.6 percent) post-merger.
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The surge in profits is attributed to the contribution from the FFBL Plant Site Bin Qasim, along with record investments and dividends. For the calendar year, FFC reported net sales of Rs. 411 billion, a notable 127 percent increase from the previous year. The company’s gross margins stood at 34.9 percent for the year.
Other income saw a 65 percent rise, reaching Rs. 27 billion in CY24, while the company’s finance costs surged to Rs. 7.85 billion. FFC also paid Rs. 55 billion in taxes during the period. Earnings per share (EPS) for the full year amounted to Rs. 60.10, underlining the strong performance. As of the latest market data, FFC’s share price was recorded at Rs. 390.96, down 1.93 percent or Rs. 7.71, with a turnover of 7.89 million shares on Wednesday.
