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

  • By: BMA Capital Management Limited

  • - Published: Thursday, 21 April 2016
  • FFBL
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By, Sajjad Hussain, BMA Research.

  • 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.

  • 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.

  • ?On a sequential basis, i) seasonal slowdown in sales during 1QCY16 with DAP and Urea sal...

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