Fuji Fertilizer Company (FFC) tends to have the simplest of business models. The fertilizer giant announced its 1QCY13 results yesterday, registering yet another impressive performance. It sold nearly all what it produced during the quarter, unlike the same period a year ago. Despite lower prices, revenues went up the roof, as farmers queued up to buy urea.
Even though Lucky Cement’s results released yesterday showed impressive growth in net profits of about 49 percent, it was anticipations about the near future vis-à-vis transportation costs that kept the scrip’s prices from rising.
Faysal Bank Limited didn’t tag along the industry-wide practice of effortless banking. FABL’s 1QCY13 result speaks volumes of the bank’s inclination towards core banking activities, as substantiated by its healthy ADR. Conversely, investments took a dip of six percent year-on-year in 1QCY13 with a substantial drop in IDR.
Latest monthly figures released by the National Fertilizer Development Centre (NFDC) reveal a healthy five percent increase in urea off-take for Rabi season against the previous one. This is the first time in over three years, that urea off-take for a full crop season has shown positive growth.
Hub Power Company (Hubco) is putting away its younger oil-fired power station. The firm’s willingness to de-merge its Narowal plant stems from its endeavour to improve administration and financial control.