Baluchistan Glass Ltd. (BGL): FY24 Analyst Briefing Takeaways – By AKD Research

<p></p><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Baluchistan Glass Ltd. (BGL) held its analyst briefing yesterday 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 loss of PkR508mn (LPS: PkR1.94) in FY24 vs PkR135mn (LPS: PkR0.52) in SPLY. Management attributed the loss mainly to an eleven-month closure, followed by just one month of production starting in Jun&rsquo;24. They highlighted that the costs associated with establishing and maintaining the initial furnace temperatures were significant, as the effects were concentrated on that final month's output.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-s...