Karachi, Fatima Fertilizer Company Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on April 03, 2023.
The agenda of the meeting was discussion of consolidated profit and loss account for Year ended December 31, 2022 which portrayed a profit of Rs. 14,123,939,000 with earnings per share 6.73 basic and diluted respectively.
Further, 35% payment of cash dividend, bonus shares and right shares was agreed.
Furthermore, the share transfer books of the company will remain closed from April 20, 2023 to April 28, 2023 (both days inclusive).
Fatima Fertilizer Company Limited was incorporated in Pakistan on December 24, 2003. The company operates as a joint venture between two major groups in Pakistan namely Fatima Group and Arif Habib Group. The principal activity of the Company is manufacturing, producing, buying, selling, importing and exporting fertilizers and chemicals.
The fertilizer production complex produces Ammonia and Nitric Acid, which are intermediate products and Urea, Calcium Ammonium Nitrate, Nitro Phosphate and nitrogen Phosphorous Potassium which are final products. Foundation of the complex was laid on April 26, 2006 and the construction process commenced in 2007 and is housed on 950 acres of land.
The production capacity of the complex is 500,000 metric tons of Urea per annum, 420,000 metric tons of Calcium Ammonium Nitrate per annum, 360,000 metric tons of Nitro Phosphate per annum, 420,000 metric tons of NPK per annum.
The Shares of the Company are 2,100,000,000. The Earnings per Shares of the Company is 6.32 in 2020 which was 5.75 in 2019. Their Profit after Taxation is 13,274,691,000 in 2020 which was 12,069,682, 000 in 2019.