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Ghani Global Glass Ltd. (GGGL): FY24 Analyst Briefing Takeaways – By AKD Research

  • By: AKD Securities Limited

  • - Published: Tuesday, 15 October 2024
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<p></p><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Ghani Global Glass Ltd. (GGGL) held its analyst briefing today to discuss FY24 results and future outlook of the company. Following are the key highlights:</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Company posted earnings of PkR145mn (EPS: PkR0.60) in FY24 vs PkR102mn (EPS: 0.42) in SPLY, an increase of 42%YoY. The said increase in earning can be attributed to surge in other income, clocking in at PkR176mn in FY24 vs PkR5mn in SPLY.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Gross margins for the period clocked in at 22.5% vs 26.1% in FY23, where management attributed the decline in margins to a substantial rise in fuel costs i.e LNG/Natu...

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