Qudsia Bano

Ghani Global Holdings Limited’s revenue from sales increased to Rs37.7 million in the first quarter (1QFY23) of the ongoing Financial Year 2022-23 compared to Rs2.4 million in the corresponding period of the previous fiscal. The gross profit also increased by 679% to Rs3.9 million in 1QFY23 from Rs0.5 million recorded in 1QFY22. The company posted a net profit of Rs1.5 million in 1QFY23 from a loss of Rs3.4 million over the corresponding period of FY22, showing a growth of 145% year-on-year.

Performance in 2021-22

During the Fiscal Year 2021-22, the gross sales went up to Rs107.7 million from Rs8.2 million in FY21, posting a massive increase of 1221% year-on-year.   The gross profit for FY22 stood at Rs20.9 million, up from Rs0.6 million in FY21. The profit after tax for the year went up by 133% to Rs10.5 million from a loss of Rs31.7 million in FY21. The EPS of the company was also negative during FY21. It slightly increased toward a positive trend and reached PKR 0.03.

About the company

Ghani Gases (Private) Limited (GGL) was incorporated in Pakistan on November 19, 2007, as a limited company by shares under the Companies Ordinance, 1984 and was converted into a public company on February 12, 2008. The principal activity of the company, subsequent to the separation of a manufacturing undertaking, is to manage investments in its subsidiary and associated companies.

Credit: Independent News Pakistan-WealthPk