ISLAMABAD, AUGUST 9: In a meeting today, the board of directors of Fauji Fertilizer bin Qasim Limited (PSX: FFBL) approved the sale of the company’s 166 acres of Pindi Bhattian land to the Fauji Foundation.
According to the December 2023 report, the land cost Rs. 270 million, while the fair value was estimated to be Rs. 500 million. According to the report, this land was compelled to be worth Rs. 375 million.
According to a brief study by Topline Securities, this development will have an eligible/minimal impact on FFBL profitability. From this property, the corporation was receiving rental income of Rs. 10.3 million.
Fertilizer production, acquisition, and marketing constitute the Company’s main goals.
FFBL’s shares on the market were trading at Rs. 44.75 at the time of filing, down 2.06 percent or Rs. 0.94 on Friday, with 8.11 million shares traded.
