JS Securities Limited – JS Research (July 15, 2022)
Karachi, July 15, 2022 (PPI-OT): Fertilizers: Higher taxes to trim 2QCY22E profitability We present earnings estimates for FFC, EFERT and FFBL ahead of 2QCY22 result announcements where we expect the sector to report a decline in earnings over higher tax charge. Furthermore, we expect FFC and EFERT to announce a dividend of Rs1.75/share and Rs2.00/share,…
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