Fertilizer companies are likely to record good sales in August 2024.
Pakistan’s urea sales in August 2024 are expected to be 555k tons, down 15% YoY compared to 650k tons in August 2023. Owing to rains, the same is expected to…
Fatima Fertilizer posts record performance in first half of 2024
Fatima Fertilizer Company Ltd. (FATIMA), one of Pakistan’s leading fertilizer producers, has reported its highest-ever production volumes for the first half of 2024, with consolidated earnings reaching PKR 13.58 billion…
Lucky Core Industries expects Pfizer’s acquisition in Sept 2024
Topline Securities hosted Pakistan Pharma Invest 2024, the third session of which was Lucky Core Industries (LCI) Limited. Mr. Atif Aboobukar, LCI's CFO, spoke at the session. Regarding the pharmaceutical…
Descon Engineering has successfully completed the EnVen Project at the ENGRO Fertilizer Plant
Descon Engineering has successfully completed the EnVen Project at the ENGRO Fertilizer Plant (EFERT) in Dharki, Pakistan. In recognition of this accomplishment, senior management from EFERT, including Mr. Syed Shahzad…
Engro Polymer & Chemicals profitability impactd by high finance cost in 2Q2024
Engro Polymer & Chemicals (EPCL) announced its 2Q2024 result today. The company recorded a consolidated loss of Rs688mn (LPS of Rs0.76). This took 1H2024 loss to Rs1.6bn (LPS of Rs1.75) against…
Pakistan will ensure gas for fertilizer plants instead of urea imports.
According to a bidder who participated in the Trading Corporation of Pakistan's 150,000 metric tonnes of urea tender, Islamabad declined to approve the import of urea, instead preferring to supply…
Fauji fertilizer group increasing its market share from 46% to 52%
Fauji Fertilizer Group (FFC+FFBL) held its corporate briefing today to discuss the financial results 1HCY24 and the future outlook. Key highlights of the briefing are as follows: Total urea offtake…
EFERT: Base plant on a 5-day unscheduled maintenance
Engro Fertilizers Ltd. (EFERT), in their recent notice, announced the unscheduled maintenance of the base plant. The tentative duration of this forced outage will be five days. We expect this…
Pakistan is expected to award the urea import contract soon
According to market sources, the Trading Corporation of Pakistan (TCP) will likely award a contract to import 100,000 M/tons of urea through West Trade. However, the foreign supplier confirmed a…
Pakistan will import 100,000 mt urea amid several bidders competing.
The Cabinet's Economic Coordination Committee (ECC) meeting was held at the Finance Division on August 02, chaired by the Federal Minister for Finance & Revenue, Senator Muhammad Aurangzeb. Several ministers…
EFERT announced a cash dividend of PKR 3.00/share (PKR 11.00/share in 1HCY24).
Engro Fertilizers Limited (EFERT) today unveiled the financial result for 1HCY24, posting a consolidated profit after Tax (PAT) of PKR 9,426mn (EPS: PKR 7.06) against PKR 5,464mn (EPS: PKR 4.09)…
Fauji Fertilizer Bin Qasim Limited (FFBL) Reports Record Profits in H1 2024
Fauji Fertilizer Bin Qasim Limited (FFBL) has announced its financial results for the first half of 2024, reporting a remarkable turnaround with a profit after tax (PAT) of Rs. 10.6…
Amalgamation of FFC and FFBL
Fauji Fertilizer Company Limited (FFC) and Fauji Fertilizer Bin Qasim Limited (FFBL) held a board meeting today, giving in-principle approval to evaluate a potential merger scheme of arrangement. Both companies…
Engro Fertilizers launches Rahbar Helpline for farmer support and complaints
Engro Fertilizers Limited, one of Pakistan's leading fertilizer manufacturers, has introduced the Rahbar Helpline to empower farmers by providing dedicated support and complaint management services. Accessible via the toll-free number…
FFBL to post earnings of PKR 6.52/share in 1HCY24
Fauji Fertilizer Bin Qasim Limited (FFBL) is scheduled to announce its financial result for 1HCY24 on 19th Jul'23, where we expect the company to post a profit after tax of…
Markets expect a cash dividend of PKR 7.00/share (1HCY24: PKR 12.50/share from FFC.
Fauji Fertilizer Company Limited is expected to unveil its 1HCY24's financial result on 19th Jul'24, where we expect earnings to clock in at PKR 21,372mn (EPS: PKR 16.80), showcasing a…
EFERT to announce a cash dividend of PKR 4.00/share (PKR 12.00 in 1HCY24).
Engro Fertilizer Limited (EFERT) is expected to announce the financial result for 1HCY24 soon, where we expect the company to post a profit after tax of PKR 16,312 (EPS: PKR…
Pakistan urea sales in Jun-2024 is expected to clock in at 483k tons, down 21% YoY
§ Pakistan Urea sales in Jun-2024 is expected to clock in at 483k tons, down 21% YoY compared to 610k tons in Jun-2023. However, Urea sales are expected to be up…
Fatima Fertilizer and JazzCash sign MOU to pioneer digitalization of Agri-Sector Payment Ecosystem
Fatima Fertilizer, a leading name in Pakistan's agriculture sector, and JazzCash, Pakistan's largest digital wallet, have signed a Memorandum of Understanding (MOU) to revolutionize the agri-sector payment ecosystem. This collaboration…
Fatima Fertilizer achieved remarkable success at the Pakistan Digital Awards.
Sarsabz, a leading brand in the fertilizer industry under Fatima Fertilizer, has achieved remarkable success at the prestigious Pakistan Digital Awards. This year, Sarsabz has been honoured with three accolades…
EFERT and FATIMA sales plunged by 34% and 80% YoY in May 2024
The tentative fertiliser data reports a 13% year-over-year decline in urea sales in May’24, settling at 400k tons. On a company-wide basis, urea dispatches of EFERT and FATIMA plunged by…
Engro Fertilizers recognized internationally with IFA Green Leaf Award 2024 for safety and sustainability
Engro Fertilizers, Pakistan’s premier seed-to-harvest solutions provider, has been recognized as the winner of the prestigious International Fertilizers Association (IFA) Green Leaf Award 2024 in the Nitrogen Category, for its…
Pakistan Coating Association and TEVTA sign an MoU to elevate skill development in paint and coating sectors.
A delegation led by Senior Vice Chairman Mr M Badar Haroon participated in a momentous Memorandum of Understanding (MoU) signing ceremony between the Technical Education and Vocational Training Authority (TEVTA)…
A review of Pakistan Fertilizer Sector production/sales and stock in April 2024
The provisional fertilizer data reports a 20% year-over-year decline in urea sales in April '24, settling at 328k tons. On a company-wise basis, urea dispatches of FATIMA and EFERT plunged…
Engro will explore global markets and broaden its investment horizon to fuel future growth.
Engro, the country's leading conglomerate, is focused on future growth. It is taking a more agile investment approach to exploring global markets and possible deals in Pakistan outside its conventional…