Equity Analysis /
Pakistan

Fauji Fertilizer Bin Qasim Ltd: 1QCY21 Analyst Briefing Takeaways

  • FFBL gas contract was renewed for next 5 years. In the first half of 1QCY21 gas was unavailable, which was then resorted

  • FFBL has posted profit in 1QCY21, first time in last 5 years. This was mainly due to higher DAP margins and prices

  • FFL posted positive EBITDA in 1QCY21 and the business dynamics are expected to improve further in 2QCY21 and onwards

Intermarket Securities
25 May 2021