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FATIMA: Profitability contracts by 30% YoY in 9MCY22 – Mettis Global Link

Oct 26, 2022 (MLN): The profitability of Fatima Fertilizer Firm Limited (PSX: FATIMA) has contracted by all-around 30% YoY to Rs9.9 billion [EPS: 4.72] in 9MCY22, when compared to Rs14bn [EPS: RS6.71] documented in the very same period previous 12 months (SPLY).

Likely by the financial assertion despatched to PSX, the top line of the company clocked in at Rs99bn, registering 29% YoY advancement in contrast to the very same period final yr, owing to an boost in rates and volumetric expansion.

Even so, the expense of gross sales improved by 33.5% YoY during 9MCY22 which suppressed the gross margins of the enterprise by 2% to 42% from 44% in 9MCY21.

On the expenditures front, the company observed a 24% YoY upsurge in distribution costs when administrative expenses and other functioning expenses went up by 55% YoY and 71% YoY, respectively.

Notably, the other cash flow surged by 86% YoY to Rs1.4bn which may perhaps be due to higher brief-time period investments and dividend money.

More, the financial cost of the organization inched up by 8% YoY whilst the share of revenue from an affiliate moved down by 95% YoY.

On the taxation entrance, FATIMA booked Rs16bn taxes for the duration of 9MCY22, showing an improve of 92% YoY from Rs8.4bn taxes paid in SPLY, because of to the imposition of super tax on the large-scale marketplace.

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Posted on:2022-10-26T15:12:04+05:00

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