Fatima Fertilizer Company Ltd. (FATIMA): 2QCY24 Result Review—Earnings surged by 4.4x on an annual basis – By AKD Research
<p></p><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Fatima Fertilizer Company Ltd. (FATIMA) announced its 2QCY24
financial results today, reporting consolidated earnings of PkR5.2bn (EPS:
PkR2.5) vs. PkR1.2bn (EPS: PkR0.57) in SPLY, up 4.4xYoY. This rise is largely
attributable to the increasing gross margins, higher other income, and absence
of super tax impact in SPLY. Additionally, company announced half-yearly
dividend of PkR2.75/sh (largely in–line with expectations of PkR3.0/sh).</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Topline clocked in at PkR42.3bn during the quarter, compared
to PkR47.2bn in SPLY, down 10%YoY. The said decline is primarily due to lower
sales volumes, with Urea/ CAN/NP/DAP sales falling by 61%/34%/30%/45%YoY,
...
