FFBL reported the highest ever 1Q revenue of Rs46.5bn in 1Q2024.
DAP market size increased by 23% YoY to 292K tons in 1Q2024 where FFBL's market share increased to 58% in 1Q2024 compared to 54% in 1Q2023. DAP primary margins in…
FATIMA noticed an increase in other expenses denting profitability 1QCY23
Fatima Fertilizer Company Limited (FATIMA) announced its 1QCY24 financial results today, where the company posted earnings of PkR8.4bn (EPS: PkR4.0) vs. PkR10.0bn (EPS: PkR4.8) in the preceding quarter, changing by…
Fauji Fertilizer Company earnings arrived at PKR 8.27/share in 1QCY24
Fauji Fertilizer Company Limited (FFC) announced its financial results today. The company posted earnings of PKR 10,522mn (EPS: PKR 8.27) during 1QCY24 versus PKR 7,730mn (EPS: PKR 6.08) in 1QCY23,…
FFBL saw increased earnings amidst normalized tax charges in 1QCY24,
Fauji Fertilizer Bin Qasim Limited (FFBL) announced its 1QCY24 result today, where the company posted earnings of PkR4.3bn (EPS: PkR3.3) compared to PkR4.0bn (EPS: PkR3.1) in 4QCY23, an increase of…
ENGRO announces strong results for 1QFY24
Engro Corporation's revenue from continued operations grew by 45% to PKR 104.3 bn versus PKR 72.1 bn in 2023, as per Q1 results announced on PSX. Consolidated PAT of Q1…
Engro Corporation may depict a massive jump of 94% YoY in its 1QCY24.
Engro Corporation Limited (ENGRO) is scheduled to announce its 1QCY24 financial result on 25th Apr'24. We expect the company's consolidated earnings to arrive at PKR 9,006mn (EPS: PKR 16.78), a…
The government was urged to launch gas reforms in the fertiliser sector.
The Fauji Fertilizer (FFC) reportedly increased urea prices by Rs 633/bag (17%) to Rs 4,400/bag. This price increase was made even though there had been no change in its gas…
Engro Polymer & Chemicals reports higher gas prices and a decline in PVC margins, which results in a loss after tax.
Engro Polymer & Chemicals Limited (EPCL) announced its 1QCY24 financial result today, where the company posted a loss of PKR 901mn (LPS: PKR 0.99) compared to PKR 1,183mn (EPS: PKR…
Lotte Chemical Pakistan announced an interim cash dividend of PKR 0.50/share in 1QCY24
Lotte Chemical Pakistan Limited (LOTCHEM) announced its 1QCY24 financial result today. The company posted a profit after tax (PAT) of PKR 897mn (EPS: PKR 0.59), down by 65% YoY compared…
Engro Fertilizers: Posted a PAT of Rs10.8bn (EPS of Rs8.08); the result came higher than market expectation – a Buy call on EFERT.
Engro Fertilizers Limited (EFERT) announced its 1Q2024 result, in which it posted a consolidated PAT of Rs10.8bn (EPS of Rs8.08), up 145% YoY while down 3% QoQ. The result was…
LOTCHEM: Earnings likely to plunge by 88% YoY to settle at PKR 0.20/share
Lotte Chemical Pakistan (LOTCHEM) is slated to reveal its financial results for the 1QCY24 on 18th Apr'24. We expect that the company will report earnings of PKR 309mn (EPS: PKR…
Petrochemical Plant
Engro Polymer and Chemicals likely to post increase sales in 1QCY24
Engro Polymer and Chemicals Limited (EPCL) is scheduled to announce its 1QCY24 financial result on 19th Apr ’24, where we project the earnings to arrive at PKR 871mn (EPS: PKR…
FFC: Profitability to climb up by 42% YoY in 1QCY24
We expect Fauji Fertilizer Company Limited to announce earnings of PKR 10,960mn (EPS: PKR 8.62) in 1QCY24 compared to PKR 7,730mn (EPS: PKR 6.08) in 1QCY23, up by 42% YoY.…
FFBL to post earnings of PKR 3.29/share in 1QCY24
We anticipate Fauji Fertilizer Bin Qasim Limited (FFBL) to report a net profit of PKR 4,243mn (EPS: PKR 3.29) in 1QCY24 against a loss of PKR 5,429mn (LPS: PKR 4.20)…
EFERT likely to post a hefty jump in PAT 65% YoY in 1QCY24
Engro Fertilizer Limited (EFERT) is scheduled to announce the financial result 1QCY24 on 18th Apr'24. We expect the company to post a profit after tax of PKR 7,276mn (EPS: PKR…
Engro Fertilizers engages dealers for urea price enforcement.
To support the Government's efforts to ensure urea availability at official prices, Engro Fertilizers has urged its dealers to comply with company guidelines on pricing and strictly ensure product availability…
The level playing field for all fertilizer manufacturers to encourage new investments, efficiency
By removing discriminatory gas pricing among fertilizer manufacturers, the Government can facilitate new investments and promote efficiency to ensure sufficient urea availability for the farmers. In a media workshop, Ali…
Engro Fertilizers adjusts urea prices upward amid rising gas prices.
Pakistani urea producers have started price adjustments in selling prices of urea fertilizer bags due to a spike in gas rates by the federal government of Pakistan. The first in…
Engro Fertilizers urea market share increased to 35% in CY23 from 29% in CY22.
The management of Engro Fertilizer Limited (EFERT) held an Analyst Briefing session on 22nd Feb'24 to discuss the company's performance and future outlook. Brief Takeaways The company's urea market share…
EPCL exported 22K tons of PVC and 22K tons of Caustic and generated inflows of US$26mn in 2023.
Engro Polymer (EPCL) conducted its 2023 Corporate Briefing Session today, where management discussed financial performance and future outlook. PVC sales in 4Q2023 declined by 23.5%, reaching 52K tons compared to…
LOTCHEM also announced a final cash dividend of PKR1.0/sh
LOTCHEM has posted 4QCY23 NPAT of PKR237mn (EPS: PKR0.16), down 88% YoY and QoQ. This took CY23 NPAT to PKR5.0bn (EPS: PKR3.35), down 50% YoY. The result came much lower…
Engro Polymer & Chemicals saw NPAT of PKR3.5bn for 4QCY23 up 25% YoY and 34% QoQ
EPCL has posted a consolidated NPAT of PKR3.5bn (diluted EPS: PKR2.93) for 4QCY23, up 25% YoY and 34% QoQ. The 4QCY23 result came higher than our expected NPAT of PKR1.3bn…
Engro Fertilizers welcomes gas tariff revision as a step in the right direction.
Engro Fertilizers welcomes that the government has taken a bold first step by removing the subsidy for fertiliser manufacturers that get their gas from the SNGPL network, representing 60% of…
LOTCHEM to declare a final cash dividend of PKR1.0/sh in 4QCY23,
LOTCHEM is expected to post an NPAT of PKR1.7bn (EPS: PKR1.10) in 4QCY23, down 16% QoQ and 17% YoY. This will take CY23 NPAT to PKR6.5bn (EPS: PKR4.30), down 36%…
Engro Fertilizers announced a final cash dividend of Rs 8 in 2023.
Engro Fertilizers Limited (Efert) has informed the Pakistan Stock Exchange Limited (PSX) that the Board of Directors of the Company, in their meeting held on February 15, 2024, recommended a…