Ghani Glass Limited (GHGL) inform that the commercial production from the new project of Figured Glass has been successfully started

Islamabad November 18 2022: Ghani Glass Limited (GHGL) inform that the commercial production from the new project of Figured Glass has been successfully started, according to a company filing to the exchange. During the first quarter that ended September 30, 2022, the Net Revenue of the Company increased to Rupees 7.9 billion as compared to Rupees 5.5 billion for the corresponding period of the last year. The Company booked a Gross Profit of Rupees 1.9 billion as compared to Rupees 1.4 billion for the same period of the last year. The company earned a net profit of Rupees 1.1 billion as compared to Rupees 932 million for the corresponding period of last year. Earnings per share also increased to Rupees 1.38 as compared to Rupees 1.11 for the same period of the last year.

Ghani is also the major provider of glass containers to the Health Industry and Food/Beverage Industry of Pakistan. Ghani Glass has been using indigenous raw materials. The said raw material mostly originated from the remote, backward areas including Qamarmishani, Mansehra (Oghi), Buner & Jehangir. By purchasing local raw materials, the local communities of the remote areas are being provided employment. Ghani has been providing for the livelihood of the local community of said areas. Hundreds of families are dependent on the mining of raw materials of Glass.