FFBL Reports Significant Growth in Profitability Amid Positive Market Conditions.

Karachi: Fauji Fertilizer Bin Qasim Limited (FFBL) management held a corporate briefing yesterday to discuss the financial performance for the third quarter of the calendar year 2024 (3QCY24) and the outlook for the future. This briefing is expected to be the last one conducted by FFBL before its amalgamation with Fauji Fertilizer Co (FFC).

According to JS Global, FFBL’s profitability prospects were a major focus throughout the year, primarily driven by higher primary margins, improved gas supplies, and the absence of exchange losses due to a stable currency during the year to date in 2024. FFBL reported a 51% year-on-year growth in earnings per share (EPS) during 3QCY24, reaching Rs6.20, which brought the EPS for the first nine months of 2024 (9MCY24) to Rs14.38 on a standalone basis.

The strong core performance was further bolstered by the improved availability of the coal power plant, positive bottom-line results from Fauji Foods Limited (FFL), and a recovery in Pak Maroc Phosphore (PMP)’s performance. These factors collectively contributed to the overall growth in FFBL’s financial performance on a consolidated basis.

The post FFBL Reports Significant Growth in Profitability Amid Positive Market Conditions. appeared first on Pakistan Business News.