Pakistan, July 28 -- Fauji Fertilizer Company Limited (FFC) on Monday released its financial results for the half-year ended 30th June 2020, announcing a 2.59 per cent increase in unconsolidated profit after tax which rose to Rs9.136 billion compared to unconsolidated profit after tax of Rs8.905 billion during the same period of last year.
A quarterly comparison of the financial results shows that the company earned unconsolidated profits of Rs4.874 billion in 2Q2020 compared to Rs5.209 billion in 2Q2019.
According to Topline Securities Limited Research Analyst Sunny Kumar the revenues of the company declined by 12 per cent Year on Year (YoY) to Rs23.156 billion in 2Q2020 amidst a decline of 57 per cent in Diammonium Phosphate's (DAP) off...