Pakistan Refinery Ltd. (PRL) held its corporate briefing session today to discuss FY24 financial results and provide insights on the future outlook. Key takeaways from the call are as follows:…
Mr. Muhammad Yousuf, the former Senior Vice Chairman of the Pakistan Coating Association (PCA) and a senior member of the FPCCI, has raised concerns about the severe economic consequences of…
Fatima Fertilizer has the distinct honor of becoming the first private sector entity in Pakistan to partner with the United Nations Development Programme (UNDP) by adopting the SDG Impact Framework.…
NFDC reported October 2024 urea offtake at 358,000 MT, down 22% YoY from 459,000 MT SPLY. While offtakes declined, production increased by 10% YoY, leading to the highest inventory buildup…
The management of Fauji Fertilizer Bin Qasim Limited (FFBL) held its last corporate briefing session on 11 November 24 to discuss the 9MCY24 financial result and future outlook. Brief Takeaways • To…
Fauji Fertilizer Company Limited held its corporate briefing today to discuss the financial results 9MCY24 and the future outlook. Key highlights of the briefing are as follows: Total urea offtake…
The provisional fertilizer offtake data showcased a 22% YoY fall in urea sales for Oct’24, settling at 357k tons which is primarily due to weak agronomics. On a company-wise basis,…
Lotte Chemical Pakistan Limited (LOTCHEM) has released its financial results for 9MCY24, reporting a profit after tax (PAT) of PKR 2,662mn (EPS: PKR 1.76). This marks a 45% YoY decline…
Engro Polymer & Chemicals Ltd. (EPCL) announced its 3QCY24 financial results, posting a loss of PkR698mn (LPS: PkR0.77), compared to earnings of PkR2.6bn (EPS: PkR2.74) in SPLY. The loss is…
EPCL: 3QCY24E Result Preview · We expect EPCL to post earnings of PkR110mn (EPS: PkR0.12) in 3QCY24E, significantly down from PkR2.6bn (EPS: PkR2.74) in SPLY. · We anticipate revenues to drop by…
According to Topline Pakistan Research, Engro Fertilizers (EFERT) plans to open 4-5 retail stores during 4Q2024 to ensure the smooth supply of products. This was disclosed in the 3Q2024 Corporate…
Fatima Fertilizer Company Limited and Zarai Taraqiati Bank Limited (ZTBL) have entered into a groundbreaking partnership to promote financial inclusion and support for smallholder farmers in Pakistan. This collaboration aims…
Engro Fertilizer Limited (EFERT) is expected to announce the financial result for 9MCY24 on 14th Oct’24. We expect the company to post a profit after tax of PKR 14,702mn (EPS:…
Fatima Fertilizer was uniquely recognized as the Best Innovative Agricultural Products Company by the President of Pakistan at the 12th Excellence Awards of the Federation of Pakistan Chamber of Commerce…
Pakistan's urea sales in September 2024 are expected to be 365k tons, down 35% year over year compared to 564k tons in September 2023. According to our channel checks, the…
Fertilizer offtakes declined due to extended monsoon rains and deteriorating farmer incomes. Urea sales dropped by 14% year over year in August ’24, and DAP sales plummeted by 66% year…
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 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…
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 (EFERT) in Dharki, Pakistan. In recognition of this accomplishment, senior management from EFERT, including Mr. Syed Shahzad…
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…
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 (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…
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…
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…
