Fauji Fertilizer Company Limited (FFC) has achieved a remarkable milestone by posting a record profit of Rs 25 billion for the second quarter of 2024.
This impressive feat marks a significant increase of over 100% compared to the same period last year, where the company reported a profit of Rs 12.44 billion.
The substantial growth in profit is a testament to FFC’s efficient operations, strategic decisions, and favorable market conditions.
The company’s revenue also witnessed a substantial surge, rising by 51% to Rs 64.53 billion, while the gross profit increased by 63% to Rs 36.2 billion.
These impressive financial metrics demonstrate FFC’s dominance in the fertilizer industry and its ability to capitalize on market opportunities.
The company’s strong performance is expected to have a positive impact on the Pakistan Stock Exchange and investor sentiment.
The board of directors has announced a cash dividend of Rs 10 per share, in addition to an interim dividend already paid, demonstrating the company’s commitment to rewarding its shareholders.
FFC’s record-breaking profit is a proud moment for the company and a reflection of its dedication to excellence in the fertilizer industry.
