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 Company / Equity Bottom-Up

<ul><li>Fauji Fertilizer (FFC) announced its 4Q2023 financial result today, where the company recorded unconsolidated quarterly profit of Rs7.5bn (EPS of Rs5.86) up 43% YoY while down by 18% QoQ. It takes full year 2023 earnings to Rs29.7bn (EPS of Rs23.32) up 48% YoY.</li><li>4Q2023 earnings came lower than industry expectation due to higher loss allowance on subsidy receivable from government, and higher effective tax rate.</li><li>Along with the result, company also declared final cash dividend of Rs4.1/share, lower than our expectation of Rs6.0/share. It takes total cash dividend to Rs15.5/share in 2023.</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>

Fauji Fertilizer (FFC) announced its 4Q2023 financial result today, where the company recorded unconsolidated quarterly profit of Rs7.5bn (EPS of Rs5.86) up 43% YoY while down by 18% QoQ. It takes full year 2023 earnings to Rs29.7bn (EPS of Rs23.32) up 48% YoY.4Q2023 earnings came lower than industry expectation due to higher loss allowance on subsidy receivable from government, and higher effective tax rate.Along with the result, company also declared final cash dividend of Rs4.1/share, lower than our expectation of Rs6.0/share. It takes total cash dividend to Rs15.5/share in 2023.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 Company (FFC): 4Q2023 EPS at Rs5.86, up 43% YoY