Nimir Industrial Chemicals (NICL) & Nimir Resins Limited (NRSL) | Chemical | Analyst Briefing Takeaways NICL and NRSL conducted their corporate briefing sessions today to discuss the financial performance of…
As per the latest data compiled by NFDC, in Oct'22, Urea offtakes declined by 16%YoY/15%MoM to 430k tons. The Rabi 2022-23 season started with an opening inventory of 294k tons…
Lotte Chemical Pakistan Limited (LOTCHEM) held its corporate briefing for 9MCY22 yesterday, wherein the following was discussed: · LOTCHEM is the only manufacturer of PTA in the country, with an…
Fauji Fertilizer (FFC) held its corporate briefing today to discuss financial result and future outlook of the company. The management expects Urea demand to hit 6.6mn tons in 2022 compared…
The management of Fauji Fertilizer Bin Qasim Limited (FFBL) held a corporate briefing session on 3rd Nov'22 to discuss the 9MCY22 financial result and future outlook. Brief Takeaways · To…
According to provisional fertilizer offtake data of Oct'22, urea offtake declined by 16% YoY to 429k tons against 514k tons in SPLY. Urea sales of EFERT, FFC and FFBL (combined)…
LOTCHEM posted NPAT of PKR2.7bn (EPS: PKR1.79) in 3QCY22, up c.3.0x YoY and 91% QoQ. The result is in line with our expected NPAT of PKR2.6bn (EPS: PKR1.74). The management…
Fauji Fertilizer Co. (FFC) has posted 3QCY22 unconsolidated NPAT of c.PKR5.2bn (EPS: PKR4.12), up 56% QoQ but down 19% YoY, missing our projected EPS of PKR4.60. The variance primarily stems…
Fauji Fertilizer Bin Qasim Ltd (FFBL) has posted an unconsolidated loss of PKR1.7bn (LPS: PKR1.31) for 3QCY22, compared to NPAT of PKR2.3bn (EPS: PKR1.76) in 3QCY21. The result is against…
Fauji Fertilizer Company Limited is expected to disclose its 9MCY22's financial result on 26th Oct'22, where we expect earnings to clock-in at PKR 15,105mn (EPS: PKR 11.87), down by 5%…
Fauji Fertilizer Bin Qasim Limited (FFBL) is scheduled to announce its financial result for 9MCY22 on 25th Oct'22, where we expect the company to post a profit after tax of…
· ICI Pakistan Limited (ICI) announced its 1QFY23 financial result today where the company posted a profit after tax (PAT) of PKR 1,800mn (EPS: PKR 19.49), down by 50% YoY…
Creating a circular economy is an essential sustainability target for stakeholders across the plastic value chain. Conventional mechanical recycling methods are necessary, but given the inferior product properties, this downcycling…
Engro Corporation Limited (ENGRO) announced its 3QCY22 financial result with a consolidated profit after tax of PKR 8,017mn (EPS: PKR 13.91) compared to PKR 6,119mn (EPS: PKR 10.62) in SPLY,…
Engro Polymer & Chemicals (EPCL) held its corporate briefing today to discuss 3Q2022 financial result and future outlook. Global PVC prices declined during 3Q2022 amidst (1) demand slowdown on back…
Engro Corporation Limited (ENGRO) is anticipated to announce its 3QCY22 financial result on 18th Oct'22, where we expect the company's consolidated earnings to arrive at PKR 7,817mn (EPS: PKR 13.57), up…
ICI Pakistan Limited (ICI) is scheduled to announce its 1QFY23 financial result on Oct 19th, 2022. We expect the company to post a profit after tax (PAT) of PKR 1,679mn…
The management of Engro Fertilizer Limited (EFERT) held an Analyst Briefing session on 12th Oct'22 to discuss the company's performance and future outlook. Brief Takeaways · To recall, the company posted a…
Engro Polymer & Chemicals Limited (EPCL) announced its 3QCY22 financial result today where the company posted a profit after tax (PAT) of PKR 2,257mn (EPS: PKR 2.36), down by 27%…
Engro Fertilizers Limited (EFERT) announced the financial result for 9MCY22 today, posting a consolidated profit after Tax (PAT) of PKR 9,595mn (EPS: PKR 7.19) compared to PKR 14,921mn (EPS: PKR…
Engro Polymer and Chemicals Limited (EPCL) is scheduled to announce its 3QCY22 financial result on Oct 12th, 2022. We project the company to post a profit after tax of PKR…
Engro Fertilizer (EFERT) is expected to post 3QCY22 net profit of PKR4.8bn (EPS: PKR3.61), up from a loss of PKR98mn in 2Q. This is majorly due to (i) lower effective…
As per the provisional fertilizer offtake data of Sep'22, urea offtake climbed up by 4% YoY to 508k tons compared to 487k tons in SPLY. Urea sales of EFERT witnessed…
In our region, a turban or "paagh" is considered a symbol of honor. Accordingly, Fatima Fertilizer invited 180 of its top performing dealers from all over Pakistan to attend a…
· We maintain our "over-weight" stance on the fertilizer sector due to its stable demand dynamics, attractive dividend yield and reasonable pass-on ability. · The upcoming gas tariff hike of…
