Fauji Fertilizer Company (FFC), a leading fertilizer producer in Pakistan, reported a remarkable consolidated profit-after-tax of Rs25.01 billion for the quarter ending June 30, 2024.
This is a substantial increase from the Rs12.44 billion profit recorded during the same period last year, showcasing the company’s strong financial growth.
The company’s board of directors, who met on July 30, 2024, at the Pakistan Stock Exchange (PSX), reviewed FFC’s impressive financial and operational performance.
Following this review, they announced a cash dividend of Rs10 per share, which equates to 100% for the first half of 2024. This new dividend complements the earlier interim dividend of Rs5.5 per share (55%) already declared by the company.
The significant rise in profit and the generous dividend payout reflect FFC’s successful strategies and robust market presence. It also highlights the company’s commitment to rewarding its shareholders and maintaining a strong financial standing.
This positive performance is expected to enhance investor confidence and solidify FFC’s position as a key player in Pakistan’s fertilizer industry. The company’s results underscore its ability to capitalize on market opportunities and efficiently manage its resources.
