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HomeEquityCorporate Alert: Fauji Fertilizer Bin Qasim announces Cash Dividend of 0.10/- per...

Corporate Alert: Fauji Fertilizer Bin Qasim announces Cash Dividend of 0.10/- per share and reports EPS of -0.41 for the half year ended June 30, 2017

The other operating expenses of the company increased 3306 percent in the last year.

The Company issued a Cash Dividend of Rs. 0.10 i.e. 1%, Nil Bonus Shares and Nil Right Shares.

In other pertinent information, Fauji Fertilizer Bin Qasim Limited being sponsor will subscribe to 100% of right shares offered by Fauji Foods Limited (FFL) and any renounced share if offered. The total investment is up to Rs 2,042,500,000/-. Sponsor collateral support in arranging Working Capital facilities for Fauji Meat Limited up to PKR 1.5 Billion

Comparison of Key Financials:

 

For the Half Year Ended

Key Financials

June 30, 2017

June 30, 2016

% Change

Sales – Net

15,554,528

11,873,283

31%

Cost of Sales

15,265,543

12,209,964

25%

Gross Profit/(Loss)

288,985

336,681

-14%

Selling and distribution expenses

2,024,286

1,610,219

26%

Administrative Expenses

711,984

714,151

0%

Finance Costs

921,957

952,139

-3%

Other operating expenses

46,256

1,358

3306%

Other income

2,946,465

2,468,796

19%

Loss before Taxation

-469,033

-1,145,752

-59%

Taxation

84,750

250,965

-66%

Loss after Taxation

-384,283

-849,787

-55%

Loss per share – basic and diluted (Rupees)

-0.27

-0.96

 

Rupees in ‘000

The complete statements can be accessed here.

Posted on: 2017-07-26T16:25:00+05:00
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