Fauji Fertilizer Company Limited’s financial results for the half year ended June 30, 2012

Karachi, July 25, 2012 (PPI-OT): 1. We have to inform you that the Board of Directors of Company in their Meeting held on Tuesday, July 24, 2012 at 2000 hours recommended Second Interim Cash Dividend for the half year ended June 30, 2012 @ Rs. 5.00 per share i.e. 50%. This is in addition to first interim dividend already paid at Rs. 3.00 per share i.e. 30%.

2. The Financial Results of the Company are attached as Annexure `A’.

3. In view of the gas scenario and the Company’s financial commitments, the FFC Board of Directors has decided not to pursue 9.99% equity stake in Agritech Limited as conveyed to the Stock Exchanges vide our letter of even number dated April 19, 2012.

4. Book Closure: The Share Transfer Books of the Company will be closed from August 24 to August 30, 2012 (both days inclusive). Transfers received at the THK Associate (Private) Limited, Ground Floor, State Life Building – 3, Dr. Zia-ud-Din Ahmed Road, Karachi – 75530 at the close of business on August 23, 2012 will be treated in time for the purpose of payment of Second Interim Cash Dividend to the transferees.

Fauji Fertilizer Company Limited

Condensed Interim Profit and Loss Account (Un-Audited)

For the half Year Ended June 30, 2012

For the quarter ended

For the half year ended

June 30,

June 30,

June 30,

June 30,

2012

2011

2012

2011

(Rupees `000)

(Rupees `000)

Sales

24,697,952

13,120,334

36,130,777

24,220,679

Cost of sales

13,139,040

5,336,917

18,813,907

10,527,250

————

————

———–

————

Gross Profit

11,558,912

7,783,417

17,316,870

13,693,429

Distribution cost

1,291,906

1,147,983

2,631,840

2,165,562

————

————

———–

————

10,267,006

6,635,434

14,685,030

11,527,867

Finance cost

362,920

242,041

641,010

471,309

Other expenses

775,943

614,568

1,297,657

1,121,439

————

————

———–

————

9,128,143

5,778,825

12,746,363

9,935,119

Other income

318,542

919,139

2,459,427

2,881,869

————

————

———–

————

Net Profit Before Taxation

9,446,685

6,697,964

15,205,790

12,816,988

Provision for taxation

2,987,000

2,618,000

4,871,000

4,628,179

————

————

———–

————

Net Profit After Taxation

6,459,685

4,079,964

10,334,790

8,188,809

————

————

———–

————

Earnings per share – basic and diluted (Rupees)

5.08

3.21

8.12

6.44

For more information, Contact:
Brig Khalid Kibriya (Retired)
Company Secretary
Fauji Fertilizer Company Limited
93-Harley Street, Rawalpindi-Pakistan
P.O. Box: 253
TELEX: 54310 FFCPK
Tel: (051) 9272307-15, 9272318-19, 9272328
Fax: (051) 9272561, 9272519, 9272316