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oress release Archives - Daily Times

FFC Delegation visits Pakistan Stock Exchange

FFC announces half yearly results

Daily Times July 31, 2021 In the meeting of Board of Directors of Fauji Fertilizer Company Limited (FFC) held on Friday, the Board announced financial results for the six month period ended June 30, 2021. The Company achieved net profitably of Rs 9.44 billion translating into an EPS of Rs 7.42 which was 3% higher than the corresponding period of last year. The company also declared second interim dividend of Rs 2.60 per share for the quarter with an aggregate distribution of Rs. 6.10 per share during the first half of the year. FFC attained Sona Urea production of 1,222 thousand tonnes during the period and registered all product sales revenue of Rs 44.02 billion. Other income of company increased due to higher dividend distribution by associated companies whereas the unwinding of GIDC liability of Rs. 1.2 billion had an adverse impact on profitability.

KSE-100: Stocks close flat ahead of Eid holidays

KSE-100: Stocks close flat ahead of Eid holidays Foreign investors were net sellers of $8.07mn July 20, 2021 Market participation remained lacklustre at the KSE-100 index on Monday as lack of triggers and Eid holiday-week kept investors away from the bourse. On Monday the benchmark KSE-100 index clocked at 47,873 level after posting a mere 38.93 points gain. The index touched an intraday high of 48,004.54 and a low of 47,751.72 as it traded in a range of 252.82 points or 0.53 percent of previous close. Trading kicked off on an optimistic note but witnessed volatility as intra-day correction and discounted share prices attracted selective buying after midday.

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