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) held its corporate briefing today to discuss financial result and future outlook of the company.</li><li>To recall, FFC announced a lower-than-expected dividend of Rs4.1/share in 4Q2023 taking full-year dividend to Rs15.5/share. Management highlighted that the decision was driven by the need to build reserves for future capital expenditure requirements, resulting in a lower payout in 2023.</li><li>FFC focused on efficiency-related projects, resulting in an additional production of 82K tons 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) held its corporate briefing today to discuss financial result and future outlook of the company.To recall, FFC announced a lower-than-expected dividend of Rs4.1/share in 4Q2023 taking full-year dividend to Rs15.5/share. Management highlighted that the decision was driven by the need to build reserves for future capital expenditure requirements, resulting in a lower payout in 2023.FFC focused on efficiency-related projects, resulting in an additional production of 82K tons 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.

Topline Flash Note: Fauji Fertilizer Company (FFC): Corporate Briefing Key Takeaways