FFBL Reports Significant Profit Growth Amid Strategic Changes.

Karachi: Fauji Fertilizer Bin Qasim Limited (FFBL) management held a corporate briefing yesterday to discuss financial performance for 3QCY24 and outlook. The briefing was presumably the last session conducted from the FFBL’s platform before its amalgamation with Fauji Fertilizer Co (FFC).

According to JS Global, FFBL’s profitability prospects remained in limelight throughout the year majorly driven by higher primary margins, improved gas supplies, and absence of exchange losses led by stable currency during CY24TD. FFBL reported a 51% year-on-year earnings per share (EPS) growth during 3QCY24 to Rs6.20, taking the 9MCY24 EPS to Rs14.38 on a standalone basis.

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

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