Profit after tax of FFBL increased to Rs 3.784 billion

Wednesday, 27 January 2010 11:52

KARACHI : The profit after tax of Fauji Fertiliser Bin Qasim Limited (FFBL) has increased to Rs 3.784 billion in the year ended December 31, 2009 as compared to Rs 2.899 billion earned in the corresponding period in 2008. The earning per share of the company increased to Rs 4.05 in the period under review against Rs 3.10 registered in the same period a year back.

The board of directors of the company in its meeting held on Tuesday recommended a final cash dividend for the year at Rs 2.25 per share, ie 22.5 percent. According to the financial results, the company s net sales increased to Rs 36.724 billion in 2009 against Rs 26.820 billion recorded in 2008. The cost of sales increased to Rs 27.059 billion in this period against Rs 18.594 billion in the same period a year back. The company s profit before tax increased to Rs 5.808 billion in 2009 against Rs 4.404 billion recorded in 2008.

Courtesy : Business Recorder