Karachi: We have to inform you that the Board of Directors of Ghani Glass Limited (GHGL), in its Meeting held on October 13, 2011 at 11:00 a.m. at 50-L, Model Town Ext, Lahore has recommended the following.
1. Cash Dividend
Nil
2. Bonus Shares
Nil
3. Any Other Entitlement/ Corporate Action
Nil
4. Any Other Price – Sensitive Information
Nil
The Financial Results approved by the Board of Directors of the Company are as follows.
Period ended | ||
30 September 2011 | 30 September 2010 | |
Sales | 1,894,771,635 | 1,444,359,167 |
Cost of Sales | 1,214,824,921 | 869,776,986 |
————– | ————– | |
Gross Profit | 679,946,714 | 574,582,181 |
General and administrative | 68,566,470 | 63,280,604 |
Selling and distribution expenses | 94,744,511 | 104,000,091 |
Other expenses | 27,549,562 | 27,898,431 |
Other Income | 2,748,619 | 4,904,073 |
————– | ————– | |
(188,111,924) | (190,275,053) | |
————– | ————– | |
Operating Profit | 491,834,789 | 384,307,128 |
Finance Cost | 28,801,769 | 876,476 |
Share of Loss of Associate | 2,115,000 | 7,002,000 |
————– | ————– | |
Profit before taxation | 460,918,020 | 376,426,652 |
Provision for taxation | 122,792,759 | 112,868,153 |
————– | ————– | |
Profit after taxation | 338,125,261 | 263,558,499 |
————– | ————– | |
Earning per share – Basic and Diluted | 3.17 | 2.47 |
It is also intimated that the Board of Directors has fixed the number of Directors to be elected for next term of three years as eleven (11).
For more information, contact:
Hafiz Muhammad Imran Sabir
Company Secretary
Ghani Glass Limited
504 Model Town,
Lahore, Pakistan
Tel: +92-42-35218946
Fax: +92-42-35160314