Manufacturer Fauji Fertilizer Bin Qasim Limited (FFBL) has announced that its urea production will be affected for four weeks due to a power cut from FFBL Power Company Limited. Operations will be managed using self-generated power and steam, but urea production will be partially affected depending on the volume of natural gas available from Sui Southern Gas Company. The company’s Di-ammonium Phosphate (DAP) plant will continue to operate. In the previous quarter, FFBL did not receive gas from SSGC for 36 days due to winter load management, with gas curtailment reaching 51% of allocation, compared with 9% during the same period last year. DAP production for the quarter was 52,000 tons, a 77% decrease YoY, while urea production was 89,000 tons, a 26% fall YoY. Fauji Fertilizer’s Q1 2023 loss was Rs5.43 billion, compared with a profit after tax of Rs1.627 billion for the year prior, while its Q1 2023 loss per share was Rs4.20 compared with earnings per share of Rs. 1.26 in Q1 2023.
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