· Urea sales for Feb'23 clocked in at 502.8k MT, down by 20 %MoM as the Rabi sowing season draws to a close and the urea offtakes witness seasonal decline…

Urea offtake in February 2023 reduced by 5% YoY and 20% MoM to c.503,000 tons. The MoM decline in volumes is due to the off-season impact. The market share of…

Agri Connection 2023, a national level agriculture conference, is set to take place at a local hotel in Karachi on March 16th, 2023. The conference will be attended by government…

The President of Pakistan Kissan Ittehad, Khalid Mahmood Khokhar, held a press conference in Lahore whereby he stated that Pakistani farmers are currently waiting in long queues to receive the…

· Urea sales for Jan'23 clocked in at 631.3k MT, down by 24%MoM as the Rabi sowing season draws to a close. On the flipside, urea offtakes have increased by…

Urea offtake in January 2023 increased by 6% YoY, but was down 24% MoM to c.631,000 tons. The MoM volume decline is due to a high base effect and off-season…

Engro Polymer & Chemicals Limited (EPCL) held its analyst briefing today to apprise investors on the CY22 result and future outlook. To recall, EPCL posted PAT of PkR11.7bn (EPS: PkR12.4)…

·         Urea sales for Dec'22 clocked in at 833.2k MT, up by 43%MoM while increasing by 39%YoY. This takes CY22 urea offtakes to 6.8mn MT, up by 7% compared to CY21…

Engro Corporation Limited (ENGRO) conducted its 2022 analyst briefing yesterday where management discussed financial performance for 2022 and future outlook. The management explained lower dividend in 4Q2022.  They elaborated that…

Pakistan's premier conglomerate, Engro Corporation Limited (PSX: ENGRO) announced its financial results for the year ended December 31, 2022. Overview of Financial Performance during 2022 Engro Corporation's standalone revenue increased from…

The management of Fauji Fertilizer Bin Qasim Limited (FFBL) held a corporate briefing session on 8th Feb'23 to discuss the CY22 financial result and future outlook. Brief Takeaways ·      To recall, the…

Engro Polymer and Chemicals Limited (EPCL) is scheduled to announce its CY22 financial result on 7th Feb'23, with earnings projected at PKR 12.14bn (EPS: PKR 13.36), down by 19% YoY.…

Engro Fertilizer Limited (EFERT) is scheduled to announce the financial result for CY22 on 9th Feb'23, where we expect the company's net profit to clock-in at PKR 14.7bn (EPS: PKR 11.01),…

Jan'23: Urea sales up by 3% YoY Based on the tentative fertilizer sales data, urea dispatches for the month of Jan'23 depicted an uptick of 3% YoY to 616k tons…

Fauji Fertilizer Company (FFC) announced CY22 result today, where it posted unconsolidated earnings of PkR20.0bn for the year, culminating into an EPS of PkR15.8. The company posted a NPAT of…

Fauji Fertilizer Bin Qasim Limited (FFBL) announced CY22 result yesterday, where it posted earnings on the unconsolidated level of PkR2.3bn for the year, culminating into an EPS of PkR1.8. For…

We expect Topline Fertilizer Universe earnings to be up by 5% YoY to Rs13bn in 42022, primarily attributed to increasing in Urea offtake, and DAP margins. The same is expected…

Lucky Core Industries Limited (Formally ICI Pakistan Limited). It concluded by selling 26.5% holding in NutriCo Morinaga (Private) Limited. As per the latest PSX notice, Lucky Core Industries Limited (formally…

According to the provisional fertilizer offtake data for Dec'22, urea dispatches posted a jump of 39% YoY to 833k tons against 599k tons in SPLY. Urea sales of FFC, EFERT,…

According to NFDC, Urea sales in Nov'22 witnessed a recovery in sales, increasing by 2% YoY to c.583,000 tons (the slump in Oct'22 was 16% YoY). Sequentially, Urea offtake recovered…

Sarsabz Fertilizer, the flagship brand of Fatima Fertilizer, joined thousands of farmers on December 22 to celebrate the fourth Kissan Day during a special ceremony hosted at Fatima Fertilizer's plant…

Engro Fertilizers, Pakistan's premier seed-to-harvest solutions provider, has organized mega farmer seminars in Bahawalpur, Kabirwala, and Hafizabad, to support the Government of Punjab's "Grow More Wheat" initiative for enhanced food security…

As per the notice on PSX, Fauji Fertilizer Company Limited (FFC), Engro Fertilizers Limited (EFERT), and Fatima Fertilizer Company Limited (FATIMA) have agreed with Mari Petroleum Company Limited (MARI) for…

With growing consumer awareness about new construction materials and sustainability, the PVC downstream market in Pakistan is expected to witness an upward trend in the coming years. A recent report…

Nov'22: Urea sales down by 4% YoY As per the provisional fertilizer offtake data for Nov'22, urea dispatches declined by 4% YoY to 549k tons against 574k tons in SPLY.…