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Ghani Value Glass Limited (GVGL): FY23 Corporate Briefing Takeaways – By Taurus Research

  • By: Taurus Securities Limited

  • - Published: Wednesday, 15 November 2023
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<p></p><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">FY23: Revenue grew 36%YoY to PKR 202Bn, due to high oil prices. However, high exploration costs and incidence of taxation which included super tax impacted profitability, as PAT and EPS grew 2%YoY to PKR 53Bn and PKR 19.68, respectively. Additionally, announced 25% cash dividend and 93.9% bonus issue.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Company profile: Incorporated in 1967 as Chaudhary Textile Mill Limited and got listed in 1969. Has an annual capacity of 9.06 MSQM for production of mirror, tempered and laminated glass. Upgrade projects.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Raw materials: Glass is the main input for the Compan...

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