Earnings Report /
Pakistan

Fatima Fertilizer Co Ltd: 3QCY21 review – decent quarterly earnings despite higher tax rate

  • FATIMA posted 3QCY21 NPAT of PKR4.77bn (EPS: PKR2.27), up 99% yoy. Higher prices and volumes has increased profits.

  • Despite the discontinuation of concessionary gas rate, gross margins have increased by 14.1ppt yoy to 43% in 3Q

  • The company is expected to post decent earnings in coming quarters amid possible increase in fertilizer products prices.

Intermarket Securities
25 October 2021