PakStox Outlook

According to the Merger Scheme, the entire business of the Company (FFBL) —including its assets, liabilities, rights, obligations, and privileges—will be merged into FFC through amalgamation. As part of this merger, all existing shares of the Company will be canceled. In exchange, FFC will issue approximately 150.87 million new ordinary shares to the Company’s shareholders (excluding FFCL itself). The share exchange will follow a swap ratio, where shareholders of the Company will receive 1 FFCL ordinary share for every 4.29 shares they currently own . Upon completion of the merger, the Company (FFBL) will be dissolved without the need for a formal winding-up process and will be delisted from the PSX. https://dps.psx.com.pk/download/document/237135.pdf

 Fauji Fertilizer Bin Qasim 2ndQ Jun 2024 - Financial Results FFBL delivered impressive financial performance in Q2 2024, with net income per share surging to Rs. 4.8. This represents a substantial increase of 45.2% compared to the previous quarter. The revenue also climbed 8.2% sequentially and 42.8% year-on-year, driven by a robust 29.1% quarter-on-quarter and 149.3% year-on-year expansion in gross profit. This translated to an improved gross profit margin of 23%, surpassing the four-quarter average of 19%. While financial charges increased by 8.1% quarter-on-quarter, they declined significantly by 61.2% year-on-year. Notably, the effective tax rate for the quarter was 40%, lower than the four-quarter average of 48%. The FFBL holds a significant 21.57% stake in Askari Bank (PSX:AKBL) and a controlling 63.71% stake in Fauji Foods (PSX:FFL). There is possibility of merger of FFBL and FFC. Download FFBL Announcement Notes with the Earnings Release. FINANCIAL RESULTS - OVERVIEW a. Ec...

For the first quarte ending March 2024, Fauji Fertilizer Bin Qasim Limited (FFBL) reported a profit after tax of Rs. 4,306 million, compared to a loss after tax of Rs. 5,429 over the same quarter last year. The earnings per share came out at Rs. 3.33 for the quarter. FFBL did not announce any cash dividends along with the results announcement. The gross profit margin in this quarter was 19%, compared to 7% in the same quarter last year. And the tax rate for the quarter was 47%. Revenue of FFBL, in this quarter, increased almost one and a half times, gross profit increased by over three times, and financial charges halved, compared to same quarter last year. This turned a loss of Rs. 5.4 billion last year to a PAT of 4.3 billion this quarter. In the same quarter last year, FFBL recorded a significant exchange loss of over Rs. 4.6 billion, whereas this quarter saw a negligible amount in comparison. Furthermore, FFBL's other income for this quarter exceeded Rs. 4 billion, a stark cont...