Financial results of Fauji Fertilizer Bin Qasim Limited for Year ended December 31, 2017

Financial Results

Karachi, Fauji Fertilizer Bin Qasim Limitedinformed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Islamabad on January 26, 2018.

The agenda of the meeting was discussion of consolidated profit and loss account for year ended December 31, 2017 which portrayed a profit of Rs. 925,238 with earnings per share 2.03 basic and diluted respectively.

Further, 7.5% payment of cash dividend, bonus shares and right shares was agreed.

Furthermore, the share transfer books of the company will remain closed from March 14, 2018 to March 22, 2018 (both days inclusive).
Fauji Fertilizer Bin Qasim Limited is a public limited company incorporated in Pakistan. The foundation of the company is laid under the Companies Ordinance, 1984. The principal objective of the company is manufacturing, purchasing and marketing of fertilizers. The company commenced its commercial production effective January 1, 2000. The company is a subsidiary of Fauji Fertilizer Company Limited with shareholding of 50.88%. The stocks of the company are quoted on the Karachi, Lahore and Islamabad stock exchanges in Pakistan. The registered office of the company is situated at Rawalpindi.

The plant is a Granular Urea and Di-Ammonium Phosphate fertilizers manufacturing complex, built at a cost of US$ 468 Million and located in Eastern Zone of Bin Qasim, Karachi, with Head Office at Rawalpindi. The plant is ISO certified with memberships of industry association and trade bodies i.e. Rawalpindi Chamber of Commerce and International Fertilizer Association.

The symbol “FFBL” is being used by the stock exchanges for the shares of Fauji Fertilizer Bin Qasim Limited.