RECORDER REPORT

KARACHI: The profit after tax of Fauji Fertilizer Company Limited stood at Rs 2.613 billion in the year ended June 30, 2017 (FY17) as compared to Rs 5.367 billion earned in FY16. The company’s earning per share stood at Rs 1.89 in the period under review against Rs 3.98 in the same period a year back.

The board of directors of the company in its meeting held on Wednesday at Rawalpindi recommended a final cash dividend for the year at Rs 0.90 per share i.e. 9 percent.

According to financial results sent to Pakistan Stock Exchange, the company’s net turnover increased to Rs 20.423 billion in FY17 against Rs 20.044 billion in FY16 while cost of sales increased to Rs 15.985 billion against Rs 10.879 billion. The company’s profit before tax stood at Rs 3.930 billion in FY17 against Rs 7.831 billion in FY16.