The demand for fertilizer in the country remained strong in unbeatable markets from agriculture; currently, it contributes ~22% to total GDP, and during the last 20 years, its contribution remained…
As per provisional fertilizer offtake data for the month May'22, urea offtake plummeted by 18% YoY to 412k tons compared to 501k tons in SPLY. Offtake of FFC and FFBL…
Fertilizer manufacturers have agreed to fix retail Urea price at Rs1,850/bag against commitment from the government to settle the industry's Rs80bn outstanding sales tax and subsidy receivable in the coming…
Urea offtake in April 2022 decreased by 10% mom, while increasing 48% yoy to 458,952 tons. The yoy increase is led by better farm economics and low base in SPLY. On…
As per latest notification under S.R.O No.607(I)2022 by Ministry of Industries & Production, Urea prices are now being fixed at Rs1,768/bag from the existing price of Rs1,900-2,000 per bag. Provinces…
Engro Fertilizers, Pakistan's premier seed-to-harvest solutions provider, has partnered with the Sindh Agriculture University, Tando Jam, to organize a mega seminar on cotton production technology to help boost crop productivity and farmer's…
Fauji Fertilizer Bin Qasim (FFBL) while commenting on the news report regarding the reduction in urea prices, management has denied they have not agreed with the Government to reduce urea…
According to provisional fertilizer offtake data for Apr'22, urea offtake jumped by 45% YoY to 448k tons compared to 309k tons in SPLY. Offtake of FFC and FFBL (combined), EFERT,…
According to the 1Q2022 report of Engro Fertilizer, the Company's urea production stood at 568 KT vs 523 KT in Q1 2021. Sales during the period stood at 549 KT…
According to the 1Q2022 report of Engro Fertilizer, encompassing market overview, amidst Russia – Ukraine crises, urea prices have increased to USD 1,005/T (landed equivalent PKR 11,741/bag) by the end…
Engro Foundation, the social investment arm of Engro Corporation, has announced the two recipients of its flagship initiative, I Am The Change (IATC) Impact Awards 2021, in recognition of these…
Fauji Fertilizer Company (FFC) announced its financial result today, where the company has posted an unconsolidated profit of Rs6,240mn (EPS: Rs4.90), up 7% YoY and 4% QoQ. The result came…
· As per NFDC, Mar'22 urea offtake for the industry clocked in at 509k MT, up 48.3%YoY but contracting 3.4%MoM on account of maintaining additional buffer for upcoming months in…
Lotte Chemical Pakistan Limited (LOTCHEM) announced its 1QCY22 financial result today where the company posted a profit after tax (PAT) of PKR 2,615mn (EPS: PKR 1.73), up by 60% YoY…
Fatima Fertilizer is pleased to announce that Rabel Sadozai, a seasoned marketing professional, has been recently promoted to lead the Sales and Marketing function within the organization. Rabel has become…
Fauji Fertilizer Bin Qasim Limited (FFBL) announced financial result for 1QCY22 today where the company posted earnings of PKR 1,627mn (EPS: PKR 1.26) against PKR 1,266mn (EPS: PKR 0.98) in…
Pakistan's premier conglomerate, Engro Corporation (PSX: ENGRO) announced its financial results for the quarter ended March 31, 2022. Overview of Financial Performance During the first quarter, Engro Corporation's standalone profitability…
The KSE100 has slipped this week, tracking renewed PKR depreciation. Today, it could be impacted by the surge in T-Bill yields, by 55-70bps vs. the previous auction to 13.50%-13.85%, again…
Engro Corporation Limited (ENGRO) is anticipated to announce its 1QCY22 financial result on 21st Apr'22, where we expect company's consolidated earnings to be stable at PKR 8,348mn (EPS: PKR 14.49).…
The local fertilizer Industry is providing urea at around 84% discount, equivalent to PKR 9,823 per bag, and is expected to enable import substitution of USD 5.3 billion in 2022.…
According to Engro Fertilizers (EFERT), their both plants are operating at maximum capacity. However, old plant will undergo a 50-60 days' turnaround whereas Enven plant is expected to stay operational…
Urea industry sales have increased by 17% YoY to 1.6mn tons in 1Q2022 compared to 1.4mn tons in 1Q2021. The growth in Urea demand has resulted from improved farm economics…
Engro Fertilizers Limited (EFERT) announced the financial result for 1QCY22 today, posting a consolidated Profit after Tax (PAT) of PKR 5,511mn (EPS: PKR 4.13) compared to PKR 5,741mn (EPS: PKR…
Engro Polymer and Chemicals Limited (EPCL) has informed Pakistan Stock Exchange Limited today that "In continuation to the announcement dated November 26, 2018, wherein Board of Directors of Engro Polymer…
LOTCHEM is scheduled to announce its financial result for 1QCY22 on Apr 22nd, 2022. The company is expected to post a profit after tax of PKR 1,063mn (EPS: PKR 0.70)…
