Fauji Fertilizer Bin Qasim Limited (FFBL) has increased prices for its product DAP fertilizer, the company has increased the price Rs50.00 per bag. Now the DAP bag is available for Rs2,670 a bag.
The new prices for DAP are effective from today November 15. The other manufacturers in the market have also increased the DAP prices. The average price for the product in the market now stands at Rs2,630 per bag.
According to an analyst at JS Global capital, the impact of price changes on Earnings per share (EPS) for both Fauji Fertilizer Company (FFC) and Engro Fertilizers Limited (EFERT) is Rs0.52 and Rs0.02 respectively.
Fauji Fertilizers Company is the largest chemical fertilizer manufacturer in the country headquartered in Rawalpindi. The company was founded in 1978 and employs over 5000 employees. In the stock market the company performs really well, investors have confidence in buying shares in the company.
The recent development might impact the revenue growth and stagnant sales in DAP but as far as entire market prices are increasing the company still holds a prominent market position for its products.