Ghani Glass Limited (GHGL): FY23 Corporate Briefing Takeaways – By Taurus Research
- Ghani Glass Limited (GHGL):
- FY23: Sales grew 32%YoY to PKR 40Bn as gross margins dropped 1.5pptsYoY. Moreover, tax credits supported profitability as PAT and EPS grew 34%YoY to PKR 8Bn and PKR 8, respectively.
- Company profile: Incorporated in 1992 and listed in 1994. Has an annual capacity of more than 500,000 tons for the production of float glass and glass containers. The Company has 7 glass furnaces with 1,570MT per day capacity and produces over 2Bn bottles annually. GHGL has plants in 3 locations which include Hattar, Karachi and Sheikhupura. Hattar plant, GGL 1, currently has 2 modern furnaces with 255TPD capacity, GGL-2 Karachi plant has 3 modern furnaces with 315TPD ca...
