FFC Financial results: Market expectations high
1/30/2012 9:57:32 AM
KARACHI: Fauji Fertilizer Company Limited (FFC) is scheduled to announce its financial result for the full year ended 2011 on Jan 30.
The fertilizer company is expected to post windfall profit in the outgoing year amid higher fertilizer prices in the country and company’s ability to pass on the price hike to the end consumer since the competitors were also facing even more severe gas curtailment initially. The expected higher statistics of sales and profitability attributed to persistent rise in fertilizer prices announced by the FFC despite improved flow of gas supply on MARI network compared to other fertilizer manufacturers on Sui network.
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