Earnings Report /

Fatima Fertilizer: 2QCY22 earnings dwindle due to higher-than-expected super tax

  • FATIMA posted 2QCY22 NPAT of PKR167mn (EPS: PKR0.08), down 97% YoY, missing our expected EPS of PKR2.03

  • Gross margins have increased by a sharp c.3ppt YoY 48%, likely due to receipt of subsidy from the government

  • Large supertax charge (ETR of 98%) majorly led to the deviation in earning. We maintain our Neutral stance on the scrip

Abdul Ghani Mianoor
Intermarket Securities
25 August 2022


Tellimer | Start Following

Start following your markets today

Follow your key analysts, markets and more so they appear here in your Watchlist - allowing you to keep an eye on the latest updates.