FFBLFauji Fertilizer Bin Qasim Limited (chemical company; Rawalpindi, Pakistan)
FFBLFoundation for a Better Life
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With Headquarters in Islamabad, FFBL is the sole domestic producer of di-ammonium phosphate fertilizer.
Concessionary gas based players (EFERT and FATIMA) will pocket in higher profits in that case, while FFBL (55% of offtakes are dominated by DAP) may still face pressure on core operations.
'Business models, based on joint ventures, are becoming successful globally and we also want a joint venture with the Yili Group through this acquisition,' said FFBL Company Secretary Syed Mujtaba Tirmizi while talking to The Express Tribune.
On the other hand, FFBL's DAP offtake witnessed attrition of 56 percent YoY.
Significant positive relationships were also observed between SFD, SFE, SFS, RFHL, RFBL, RFS, FFHL, and FFBL values, in line with an increase in the SFBL.
(FFBL), the sole producer of Urea (Granular) and DAP fertil- izer in Pakistan and is part of Fauji group, with interests in fertilizer, cement, food, power generation, oil and gas, LPG marketing and distribution, financial services, employment services, and security services.
According to an official, the government had decided to curtail FFBL's gas for 3 days on rotational basis; consequently the company's gas would be fully restored by June 23, yet the situation persists.
FFBL tumbled 4.8 per cent to 37.71 rupees after reporting a loss of 387 million rupees ($4.27 million) in the quarter to end March, compared to a profit of 1.56 billion rupees in the same period last year.
FFBL's share price also hit the upper price limit, closing at Rs39.55 with a volume of 259,000 shares.
The magnitude of the impact on FFBL would be clearer after more details come in,' said Maha.
On the flip side, sole DAP producer FFBL managed to increase its sales by 21 percent YoY to 66ktons.