
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...