FFBL: 1QCY16 loss clocked in at PKR0.55/sh -By BMA Research

<p><span style="font-size:small;"><strong>By,&nbsp;Sajjad Hussain, BMA Research.</strong></span></p><p><span style="font-size:small;"><strong></strong></span></p><ul><li><span style="font-size:small;">Fauji Fertilizer Bin Qasim (FFBL) reported a net loss of PKR514mn (LPS: PKR0.55) in 1QCY16 compared to net profit of PKR77mn (EPS: PKR0.08) in 1QCY15.</span></li></ul><p><span style="font-size:small;"><strong></strong></span></p><ul><li><span style="font-size:small;">The net loss can primarily be attributed to i) 22%YoY decline in DAP sales, ii) 20%YoY decline in DAP primary margins and iii) 27%YoY growth in admin expenses.&nbsp;&nbsp;</span></li></ul><p><span style="font-size:small;"><strong></strong></span></p><ul><li>?<span style="font-size:small;">On a sequential basis, i) seasonal slowdown in sales during 1QCY16 with DAP and Urea sal...