Fauji Fertilizer Bin Qasim announces Rs 3.5 final cash dividend

ISLAMABAD: Fauji Fertilizer Bin Qasim, (FFBL) posted robust 2011 EPS of Rs11.53, up 65%YoY. Moreover, the result is also accompanied by final cash dividend of Rs3.5 per share taking cumulative 2011 DPS to Rs10 per share. Higher margins on both urea and DAP (due to sharp increase in prices) remains the major earnings driver for the company as overall gross margins stood impressive at 36% compared to 31% last year, a press statement said on January 25, 2012.

Besides impressive gross margins, contained selling and distributions expenses (down 1%) and 40% rise in other income (mainly due to higher interest on bank placements) also contributed to growth in bottomline. Alone in 4Q2011, company posted EPS of Rs3.85, almost flat compared to EPS of Rs3.83 in 4Q2010.

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