Islamabad March 4 2022: Ghani Glass Limited is pursuing its plan to launch new segment of tableware glass in the current financial year following the expansion and diversification policy, as per company filling at exchange.
The new project of tableware glass would be financed through internal resources of the company. The project will give Commercial production during the third quarter ended March 31, 2022.
During the six months ended December 31, 2021, the net revenue of the company has increased to Rupees 13.9 billion as compared to Rupees 10.3 billion for the corresponding period of the last year.
Margins increased significantly from top to bottom. The Company recorded gross profit of Rupees 4.1 billion as compared to Rupees 2.6 billion for the same period of the last year.
The company succeeded to earn net profit of Rupees 2.8 billion as compared to Rupees 1.8 billion for first half of the previous year. Earning per share also increased to Rupees 3.34 as compared to Rupees 2.45 (restated) for the corresponding period of the last year.
Ghani Glass Limited was incorporated in Pakistan in 1992 as a limited liability company under the Companies Ordinance, 1984 (now Companies Act, 2017). The Company is engaged in the business of manufacturing and sale of glass containers and float glass.
