As per details, the fertiliser manufacturers booked an unconsolidated profit of Rs4.628 billion (EPS: Rs3.64) for 3Q2020 as compared to a profit of Rs3.563 billion (EPS: Rs2.80) during the same period of last year (3Q2019), showing an increase of 30pc YoY. This took the 9M2020 earnings to Rs13.764 billion (EPS: Rs10.82) as compared to Rs12.468 billion (EPS: Rs9.80) in 9M2019, depicting a rise of 10pc YoY. This is in addition to the interim dividend paid already at Rs5.25 per share i.e.52.50pc. However, DAP sales increased by 25pc YoY to 93,000 tonnes in 3Q2020, while average prices declined by 3pc YoY. Similarly, the company’s “other income” declined by 39pc YoY to Rs951million in 3Q2020 mainly due to lower interest rates.

Source: Pakistan Today October 28, 2020 11:58 UTC