FFBL: Future seems blur
1/16/2012 4:01:51 PM
KARACHI: Fauji fertilizer bin Qasim (FFBL) earnings are expected to increase by 58 percent YoY to 10.2 bln in year 2011,said market sources.
Company management has been successful by counterbalancing the decline in sales volume by soaring up the prices. As sales are expected to decreased by 15 percent YoY to 446,000 ton; however FFBL’s revenues are expected to surge by 25 percent YoY to 54.1 bln and this could only be materialized by increasing prices of DAP and urea.
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