Saturday, 21 December 2024, 03:46:11 pm


 
Fauji Foundation Companies see consistent growth in 2024
December 21, 2024

According to the recent report by KASB for the year 2024, the companies of Fauji Foundation have been on a consistent growth trajectory over the past three years.

During this period, the Foundation's companies recorded a remarkable one hundred and forty-nine percent profit on the KSE-100 benchmark index.

Notable performers include Mari Petroleum, Fauji Fertilizer Company (FFC), and Fauji Fertilizer Bin Qasim Limited (FFBL), which achieved exceptional gains of 247 percent, 209 percent, and 233 percent, respectively, over the past year.

Mari Petroleum has now emerged as the most valuable company on the Pakistan Stock Exchange, with its estimated worth exceeding one trillion rupees.

In terms of overall financial results, the Fauji Foundation's companies recorded a total net income of seven hundred and sixty-seven billion rupees, reflecting a 17 percent year-on-year growth.

The report highlights that FFC's investments in energy projects and food businesses are expected to significantly reduce the negative impacts of cyclical declines on the company's performance.