Pakistan Fertilizer: Urea sales for Aug-2023 up 18% YoY; 8M2023 up 3% YoY
Pakistan's Urea sales in Aug-2023 are expected to clock in at 650k tons, up 18% YoY compared to 552k tons in Aug-2022. This significant YoY growth in Urea sales is…
FATIMA PkR1.75/sh with 2QCY23 results.
FATIMA just announced its 2QCY23 results, posting a PAT of PkR1.2bn (EPS: PkR0.59/sh) vs. PAT of PkR0.2bn (EPS: PkR0.07/sh) in the SPLY. On a QoQ basis, the company posted a…
FATIMA—2QCY23 earnings expected to clock in at PkR2.19/sh:
We expect FATIMA to post an EPS of PkR2.19/sh against PkR2.06/sh in 1QCY23 and profit of PkR0.08/sh in 2QCY22. Revenue is projected to clock in at PkR52.8bn (↑57.5%/59.1% QoQ/YoY owing…
Engro’s net Profit is expected at PKR 7.79/share in 2QCY23.
Engro Corporation Limited (ENGRO) is expected to announce its 1HCY23 financial result on 16th Aug'23, where we expect the company's consolidated earnings to clock in at PKR 8,825mn (EPS: PKR…
EPCL has entered into a supplemental agreement with Sui Southern Gas Company
The management of Engro Polymer & Chemicals Limited (EPCL) held a corporate briefing session today to discuss the financial results for 1HCY23 and the outlook. Brief Takeaways · To recall,…
PCA organises Pakistan’s first paint and construction chemicals expo in Lahore
Pakistan Coating Association (PCA) is organising the first of its kind Pakistan Paint and Construction Chemicals Expo in the International Expo Centre Lahore from 14-16 September 2023 with the support…
Pakistan’s urea and DAP demand towards the end of CY23 to be 6.5mn tons and 1.3mn tons, respectively.
To recall, the EFERT posted a consolidated net profit of PKR 5,464mn (EPS: PKR 4.09) in 1HCY23 compared to PKR 5,413mn (EPS: PKR 4.05) in 1HCY22, up by 1% YoY.…
EFERT announced a cash dividend of PKR 3.00/share in 2QCY23
The management of Engro Fertilizers Limited (EFERT) today disclosed the financial result for 1HCY23, posting a consolidated profit after Tax (PAT) of PKR 5,464mn (EPS: PKR 4.09) against PKR 5,413mn…
FFBL will use Fauji Meat sales payments to reduce debts.
The management of Fauji Fertilizer Bin Qasim Limited (FFBL) held a corporate briefing session on 26th Jul'23 to discuss the 1HCY23 financial result and future outlook. Brief Takeaways To recall,…
FFC announced a cash dividend of PKR 3.15/share in 2QCY23
Fauji Fertilizer Company Limited (FFC) disclosed its financial result today where the company posted net profit of PKR 13,079mn (EPS: PKR 10.28) during 1HCY23 against PKR 9,599mn (EPS: PKR 7.55)…
Experts expect a ~PkR3.25/sh dividend payout for the quarter from EFERT.
EFERT—2QCY23 earnings expected to clock in at PkR3.87/sh: We expect EFERT to post a consolidated EPS of PkR3.87/sh against earnings of PkR3.30/sh in 1QCY23 and a loss of PkR0.07/sh in…
FFBL announced financial results for 1HCY23
Fauji Fertilizer Bin Qasim Limited (FFBL) announced financial result for 1HCY23 today where the company posted a loss after tax of PKR 4,950mn (LPS: PKR 3.83) compared to a net…
Urea sales declined by 17% YoY in June 2023
According to the available provisional data, urea dispatches for the month of Jun'23 showcased a fall of 17% YoY to 610k tons compared to 737k tons in SPLY. On a…
Urea sales improve 12%MoM/10%YoY in May’23
• As per the latest data compiled by NFDC, total urea availability during May 2023 was 735k tons, which comprised 242k tons of the previous month's leftover and domestic production…
Pakistan Fertilizer: Urea sales for May-2023 likely to increase by 10% YoY
Pakistan Urea sales in May-2023 are expected to clock in at 459k tons, up 10% YoY compared to 418k tons in May-2022. Number is expected to be up by 12%…
Pakistan Fertilizer: Sales update/offtake declines on MoM and YoY
Urea offtake in April 2023 reduced by 11% YoY and 17% MoM to c.408,000 tons. The MoM decline in volumes is due to off-season impact. The market share of EFERT…
Urea and DAP sales plummets by 11% and 55% YoY in Pakistan
The available provisional data points towards a reduction in urea offtake by 11% YoY, settling at 409k tons in Apr'23 against 459k tons in SPLY. On a company-wise basis, urea…
FATIMA – 1QCY23 Result Review
Fatima Fertilizer Company Limited (FATIMA) announced its 1QCY23 result today, where the company posted NPAT of PkR4.3bn (EPS: PkR2.06), remaining flat on a QoQ basis while decreasing by 24% on…
Fauji Fertilizer Company an interim dividend of PkR4.3/sh for 1QCY23.
Fauji Fertilizer Company Limited (FFC) announced its 1QCY23 result today, where the company posted an unconsolidated NPAT of PkR7.7bn (EPS: PkR6.1), an increase of 48%QoQ and 24%YoY and in line…
Engro Corporation announced its financial results for the quarter ended March 31, 2023.
Overview of Financial Performance Engro Corporation's standalone revenue for the first quarter was PKR 6.4 bn – down by 21%, primarily due to lower dividends received from Engro Polymer &…
EFERT announced an interim cash dividend of PKR 3.50/share in 1QCY22).
Engro Fertilizers Limited (EFERT) announced the financial result for 1QCY23 yesterday, posting a consolidated Profit after Tax (PAT) of PKR 4,404mn (EPS: PKR 3.30) compared to PKR 6,172mn (EPS: PKR…
EPCL announced a cash dividend of PKR 1.00/share for 1QCY23.
Engro Polymer & Chemicals Limited (EPCL) announced its 1QCY23 financial result today, where the company posted a profit after tax (PAT) of PKR 1,183mn (EPS: PKR 1.30), down by 75%…
EPCL is expected to pay an interim cash dividend of PKR1.0/sh in 1QCY23.
EPCL is projected to post NPAT of PKR1.2bn (EPS: PKR1.41) for 1QCY23, down 76% QoQ and 73% YoY. International PVC-Ethylene spreads increased to US$424/ton (assuming 1 month lag), up 8%…
FFC is to pay an interim cash dividend of PKR4.70/sh in1QCY23
Fauji Fertilizer Company (FFC) is expected to post 1QCY23 unconsolidated earnings of PKR7.0bn (EPS: PKR5.53), up 35% QoQ/13% YoY. The sequential increase in profitability is due to higher Urea prices,…
EFERT to announce a dividend of PkR3.0/sh for 1QCY23
EFERT – 1QCY23 earnings to clock in at PkR2.9/sh: We expect Engro Fertilizers Limited (EFERT) to post a NPAT of PkR3.9bn (EPS: PkR2.9) in 1QCY23, a decline of 29%YoY and 39%QoQ.…