UNITY expects the addition of a chemical refinery by 3QFY24.
Unity Foods Ltd (UNITY) held its corporate briefing session to brief investors about FY23 results and shed light on the future outlook. The AKD Research has reported it well. Company's…
Lotte Chemical Pakistan faces challenges.
IMS Research penned a review on Lotte Chemical Pakistan Ltd. The experts believe that subdued PTA demand & low PTA-PX spread to hit profits. Due to lower export volumes, local…
Pakistan’s average demand for Purified Terephthalic Acid stands at 697k tons
LOTCHEM conducted its analyst briefing today to discuss its 9MCY23 financial performance and future outlook. Here are the key highlights: · To recall, the company reported earnings of PkR3.2/sh in…
Pakistan received four bids against its urea tender.
The Trading Corporation of Pakistan (TCP) has received four bids from international suppliers for supplying 300,000 metric tonnes of urea. The prices range from US$389.92 to 405.50 per ton of…
Fatima Fertilizer signs agreement with Mastercard to digitize farm input payments in agriculture
Fatima Fertilizer, Pakistan's leading fertilizer manufacturing company, and Mastercard, a global technology company in the payments industry, have signed an agreement aimed at modernizing Pakistan's agricultural ecosystem by ensuring financial…
Engro Polymer Hydrogen Peroxide and High-Temperature Direct Chlorination projects to come online by Mar’24
The management of Engro Polymer & Chemicals Ltd (EPCL) held a corporate briefing session today to discuss the financial results for 9MCY23 and the outlook. Hydrogen Peroxide and High-Temperature Direct…
Engro Polymer announced a cash dividend of PKR 2.50/share
Engro Polymer & Chemicals Limited (EPCL) has released its financial results for the 9MCY23, and posted a profit after tax (PAT) of PKR 5,387mn (EPS: PKR 5.93), down by 42%…
Fatima Fertilizer’s Salam Kissan initiative acclaimed at the Asian Experience Awards 2023 in Singapore
'Salam Kissan' is a flagship initiative of Fatima Fertilizer of Pakistan that aims to highlight the indispensable role of Pakistani farmers in protecting the economy and national food security. The…
Engro Fertilizer announced highest ever quarterly profit of Rs9.6bn in 3Q2023
Engro Fertilizers (EFERT) announced its 3Q2023 financial result today, where the company recorded highest ever consolidated quarterly profit of Rs9.6bn (EPS: Rs7.17) up 129% YoY. It takes 9M2023 earnings to…
Efert is expected to announce a cash dividend of PKR 4.00/share.
Engro Fertilizer Limited (EFERT) is expected to disclose the financial result for 9MCY23 on 9th Oct'23, whereby we expect the company's net profit to arrive at PKR 13,218mn (EPS: PKR…
Urea sales increased by 4% YoY in Pakistan
Based on the tentative fertilizer sales data, urea dispatches in Sep'23 increased by 4% YoY to 527k tons compared to 508k tons in SPLY, owing to restricted mobility last year…
Crackdown against urea hoarders, smuggling brings farmers relief in Pakistan.
The government's crackdown against urea hoarders and smugglers has started to yield favourable results as the market prices for farmers have begun to normalise and reduced by around Rs 500…
An update on the fertiliser industry in Pakistan
Pakistan's fertiliser sector is of key importance to the Nation's food security and overall economic development. The sector continues to show resilience to economic headwinds with ever-increasing inflation and directions…
Fertilizer industry can drive agricultural transformation under Green Initiative Pakistan
Pakistan is the only country out of the top five major urea consumers – including China, Brazil, USA, and India - that is, unfortunately, not investing in capacity growth over…
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…