External broker reports(aggregated public sources), Topline Securities

Topline Securities

Topline Securities is one of the fastest growing brokerage houses in Pakistan. It has strong equity brokerage, economic / equity research, mutual fund distribution, commodity trading and corporate finance & advisory functions. Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

External broker reports(aggregated public sources)

Equity Bottom-Up

Fauji Fertilizer Company / Equity Bottom-Up

<ul><li>Fauji Fertilizers Limited (FFC) announced its 1Q2024 result wherein it posted a unconsolidated PAT of Rs10.5bn (EPS of Rs8.27) up 36% YoY and by 41% QoQ. The result came in line with industry expectations.</li><li>Alongside result company announced a DPS of Rs5.50, which is also in line with expectations.</li><li>Earnings were higher on a YoY basis due to net sales increasing by 60% YoY and increase in other income by 190% YoY in 1Q2024.</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 Fertilizers Limited (FFC) announced its 1Q2024 result wherein it posted a unconsolidated PAT of Rs10.5bn (EPS of Rs8.27) up 36% YoY and by 41% QoQ. The result came in line with industry expectations.Alongside result company announced a DPS of Rs5.50, which is also in line with expectations.Earnings were higher on a YoY basis due to net sales increasing by 60% YoY and increase in other income by 190% YoY in 1Q2024.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 Fertilizers (FFC): 1Q2024 EPS at Rs8.27 +36% YoY; DPS at Rs5.50 - In line with expectations