The profit after tax of Fauji Fertiliser Company (FFC) has increased to Rs 11.028 billion in the year ended December 31, 2010 as compared to Rs 8.823 billion earned in the corresponding period in 2009. The company's earning per share increased to Rs 16.25 in the period under review against Rs 13.00 in the same period a year back.
The board of directors of the company in its meeting held on Thursday recommended a final cash dividend for the year at Rs 3.50 per share ie 35 percent. This is in addition to interim dividends already paid at Rs 9.50 per share ie 95 percent. The board also recommended issuing bonus shares in proportion of 25 shares for every 100 shares held ie 25 percent.
According to the financial results sent to Karachi Stock Exchange (KSE), the company's sales increased to Rs 44.874 billion in the year 2010 against Rs 36.163 in the same period in 2009. The cost of sales increased to Rs 25.310 billion against Rs 20.515 billion. The company's distribution cost increased to Rs 3.944 billion against Rs 3.174 billion. The company's net profit before taxation increased to Rs 16.309 billion in 2010 against Rs 13.057 billion in 2009.
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