Earnings Report /

Pakistan Fertilizer Sector: 3QCY21 Result Previews

  • IMS Fertilizer cluster’s cumulative net profits are expected to increase by 30% yoy to PKR22.6bn in 3QCY21

  • Industry Urea/DAP offtake are estimated to have been c.1.72/0.52mn tons in 3QCY21, with Urea offtake up c.12% yoy

  • FFBL is expected to post an unconsolidated NPAT of PKR8.3bn (EPS: PKR6.40) in 3QCY21 vs EPS of PKR2.57 in 3QCY20

Intermarket Securities
8 October 2021