External broker reports(aggregated public sources), Topline Securities

Topline Securities

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External broker reports(aggregated public sources)

Equity Bottom-Up

Fauji Fertilizer Bin Qasim  / Equity Bottom-Up

<ul>
<li>DAP market size increased by 23% YoY to 292K tons in 1Q2024 where FFBL's market share increased to 58% in 1Q2024 compared to 54% in 1Q2023.</li>
<li>DAP primary margins in 1Q2024 stood at US$151/ton compared to US$160/ton in 1Q2023.</li>
<li>FFBL ensured US$151/ton of FX saving for Pakistan in 1Q2024 by producing DAP locally which will translate into annual saving of US$129mn.</li>
</ul>
<p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>


DAP market size increased by 23% YoY to 292K tons in 1Q2024 where FFBL's market share increased to 58% in 1Q2024 compared to 54% in 1Q2023.
DAP primary margins in 1Q2024 stood at US$151/ton compared to US$160/ton in 1Q2023.
FFBL ensured US$151/ton of FX saving for Pakistan in 1Q2024 by producing DAP locally which will translate into annual saving of US$129mn.

Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Fauji Fertilizer Bin Qasim (FFBL) - 1Q2024 Corporate Briefing Key Takeaways