Fauji Fertilizer Company makes Rs47.5bn profit in 2023

Fauji Fertilizer Company Limited (FFC), one of Pakistan’s largest fertilizer producers, posted a profit-after-tax of Rs47.45 billion in 2023, an increase of over 38%, as compared to Rs34.37 billion in 2022.

According to a profit and loss statement shared by the company at the Pakistan Stock Exchange (PSX) on Friday, the board of directors met on January 23, 2024, to review the company’s financial and operational performance.

The BoD announced a final cash dividend of Rs4.10 per share i.e. 41%. This is in addition to an interim dividend already paid at Rs11.39 per share i.e.113.9%.

Earnings per share (EPS) were recorded at Rs37.30 in 2023 as compared to EPS of Rs27.02 in the same period last year (SPLY).

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