FFC announces third quarterly results for year 2022.

ISLAMABAD -- Fauji Fertilizer Company Limited (FFC) announced its financial results for the period ended September 30, 2022 in its Board of Directors' meeting held recently. Company's Sona urea production of 1,808 thousand tonnes was 3% lower than last year mainly due to higher maintenance shutdown of plants during the period. Higher import prices of DAP resulted in contraction of DAP market thus the agriculture sector switched to urea. Urea demand in the country thus increased as compared to last year. The increase in demand was met through higher production by RLNG based plants besides imports by the government, which increased the competition in the industry. However, concerted marketing efforts enabled Sona urea sale by the company of 1,795 thousand tonnes which was only 1% lower than last year. The company achieved sales revenue of Rs.79.18 billion compared to Rs.73.59 billion last...