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…
The Cabinet's Economic Coordination Committee (ECC) meeting was held at the Finance Division on August 02, chaired by the Federal Minister for Finance & Revenue, Senator Muhammad Aurangzeb. Several ministers…
Engro Fertilizers Limited (EFERT) today unveiled the financial result for 1HCY24, posting a consolidated profit after Tax (PAT) of PKR 9,426mn (EPS: PKR 7.06) against PKR 5,464mn (EPS: PKR 4.09)…
Fauji Fertilizer Bin Qasim Limited (FFBL) has announced its financial results for the first half of 2024, reporting a remarkable turnaround with a profit after tax (PAT) of Rs. 10.6…
Fauji Fertilizer Company Limited (FFC) and Fauji Fertilizer Bin Qasim Limited (FFBL) held a board meeting today, giving in-principle approval to evaluate a potential merger scheme of arrangement. Both companies…
