The New Nation - Internet Edition

The company at its annual general meeting held on September 28, 2007 reported a continuously satisfactory and improved performance. During the year under reference, the company earned a net profit after tax of US $ 79.8 million reflecting high fertilizer prices in the global market and an excellent performance of company plants comparable to the best in the region.

For the government, this has resulted a revenue of over US $ 60 million in terms of gas sales, Corporate Income Tax of US $ 22.8 million and the much needed 371,000 tons urea. The government being the major shareholder received dividend of almost US $ 32 million during the fiscal year ended July 31, 2007.

The company during the reporting year paid on the average gas price of US $ 2.85 per MSCF and supplied almost 55 percent of its urea production to BCIC to help meet local demand and save the country substantial costs compared to importing.

The company is paying atention to its corporate citizenship by giving financial support for social issues. The company actively works on appropriate ways to contribute to the local community through donations to health, education, environment preservation and other deserving causes.