Karachi November 3 2021: Ghani Glass Limited has planned to launch new segment of tableware glass in the current financial year to pursue its expansion and diversification policy, as per information shared by the company at Pakistan Stock Exchange (PSX).
The new project of tableware glass would be financed through internal resources of the company says Mr. Imtiaz Ahmad Khan company’s Chief Executive Officer.
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During the first quarter ended September 30, 2021, margins increased from top to bottom. Net Revenue was recorded as Rupees 5.5 billion as compared to Rupees 4.5 billion for the same period of the last year.
The company earned net profit of Rupees 932 million as compared to Rupees 633 million for the corresponding period of last year. Earnings per share also increased to Rupees 1.11 as compared to Rupees 0.75 (restated) for the same period of the last year.
Ghani Glass Limited is engaged in the business of manufacturing and sale of glass containers and float glass.
During the last year, the company raised equity through issuance of right shares for the purpose of installation of new Float Line and BMR of Existing Lines. The Commercial production from new float line has been started subsequent to the year end.
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