Fauji Fertilizer Company Limited (FFC) has announced financial results for the year 2018 with net profitably of Rs 14.44 billion translating into EPS of Rs 11.35 which was 35% higher than last year. The company also declared final dividend of Rs 3.90 per share for the quarter, with aggregate distribution of Rs8.85 per share for the year 2018. According to a press release, the company attained second highest urea production of 2,522,000 tonnes, lower by only 1,000 tonnes compared to highest ever production of 2016.

The FFC also created a new benchmark in terms of highest ever revenue of Rs 108.36 billion (including subsidy) while crossing the Rs 100 billion threshold for the first time in the process.

The company further stated that income on investments and deposits were recorded at Rs 2.64 billion, whereas dividend income stood at Rs 1.25 billion. "Despite fluctuations and challenges in the market, the company has maintained its revenue growth while also continuing austerity drive to sustain profitability margins and explore new avenues to enhance the shareholders wealth," the press release added.-PR

Copyright Business Recorder, 2019