Fauji Fertilizer Announces Interim Dividend of PKR 2.75/Share,

Karachi (Business Reporter): Fauji Fertilizer on Monday announced interim dividend of PKR 2.75 per share or 27.5 percent for the half year ending on June 30,2020.

“This is in addition to interim dividend already paid at PKR 2.50 or 25 percent,” FFC informed Pakistan Stock Exchange.

Earning Per Share (EPS) was PKR 7.18 for the period of 6 months which was 80 paisa higher than the corresponding period of previous year. However, EPS for the quarter ending on June 30 was slightly lower when compared with the previous year. EPS for the quarter ending on June 30,2020 was PKR 3.83 per share compared to PKR 4.09 per share for the same period of 2019.

Covid-19 affected FFC’s growth during the second quarter as net turnover dropped by around PKR 3 billion during the second quarter to 23.15 billion. FFC’s sales during the second quarter of 2019 was PKR 26.18 billion.

Profit after taxation for the second quarter was PKR 4.87 billion and for the six month was PKR 9.13 billion.

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