The profit after tax of Fauji Fertiliser Company (FFC) has reduced to Rs 3.875 billion in the quarter ended March 31, as compared to Rs 4.108 billion earned in the corresponding period in 2011. The company's earning per share stood at Rs 3.05 in the period under review against Rs 3.23 in the same period last year.
The board of directors of the company in its meeting held on Thursday recommended first interim cash dividend for the quarter ended March 31, at Rs 3.00 per share ie 30 percent. According to the financial results sent to Karachi Stock Exchange, the company's sales increased to Rs 11.432 billion in this quarter against Rs 11.1 billion in the same quarter last year while the cost of sales increased to Rs 5.674 billion against Rs 5.19 billion. The company's net profit before taxation stood at Rs 5.759 billion in this quarter against Rs 6.119 billion in the same quarter last year.
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