Business

ISLAMABAD (APP) -Fauji Fertilizer Company has achieved net profit of Rs 16.766 billion. The FFC has created two new benchmarks in terms of highest-ever sales revenue of Rs. 86.321 billion (including DAP subsidy), besides record investment income of Rs. 1.985 billion.

Company also achieved second highest urea production ever of 2.469 Million tonnes, a press release said here on Thursday. According to data disclosed in the 38th Annual General Meeting of Fauji Fertilizer Company Limited (FFC) chaired by Lt Gen Khalid Nawaz Khan, HI (M), Sitara-e Esar, (Retired).

Addressing the shareholders, he apprised that FFC during the year 2015 surpassed all the budgeted targets in terms of production, sales, revenues, investment income and profitability margins, despite incremental levies and adverse market conditions.

During the year 2015, FFC got first position amongst Top 25 Companies of the Karachi Stock Exchange for the fourth consecutive year and has been adjudged as most transparent and best governed corporate entity by various international and Pakistani institution.