Fauji Fertilizer Company (FFC), a prominent fertilizer producer in Pakistan, has announced an impressive consolidated profit-after-tax of Rs25.01 billion for the quarter ending June 30, 2024. This marks a significant increase from the Rs12.44 billion profit reported during the same period last year, underscoring the company’s substantial financial growth.
On July 30, 2024, the company’s board of directors convened at the Pakistan Stock Exchange (PSX) to review FFC’s exceptional financial and operational performance. Following this review, they declared a cash dividend of Rs10 per share, representing a 100% payout for the first half of 2024. This new dividend is in addition to the previously announced interim dividend of Rs5.5 per share (55%).
The notable surge in profit and the generous dividend reflect FFC’s effective strategies and strong market presence. This performance highlights the company’s dedication to rewarding shareholders and reinforces its robust financial standing. As a result, investor confidence is likely to be further boosted, strengthening FFC’s position as a leading player in Pakistan’s fertilizer sector. The company’s results demonstrate its ability to leverage market opportunities and manage resources efficiently.