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FATIMA: Only Company posted growth in bottom line - By Azee Research

  • By: Azee Securities (Pvt.) Ltd.

  • - Published: Monday, 10 April 2017
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<p><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Fatima Fertilizers Company Limited (FATIMA) recently announced its annual financial result for the year ended December 2016. During this period, the company earned Rs 9.78 billion (EPS: Rs 4.66), which resulted in 6% YoY growth, as against Rs 9.25 billion (EPS: Rs 4.41) net earnings that it achieved during CY15.The growth was attributed to increased in all three fertilizer product production despite a challenging year for the fertilizer sector as a whole and higher efficiencies. It is worth mentioning here that Fatima Fertilizer remains only company which posed growth in earnings in entire sector. The Board of directors announced 20% final cash dividend, which is in addition to 12.5% interim cash dividend already distributed among shareholders.</span></p...

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