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Quarterly Progress Report of Ghani Glass Limited

Karachi, Ghani Glass Limited informed Pakistan Stock Exchange that the Company presents its Quarterly Progress Report about utilization of the proceeds of right subscription amount is as under: Right Issue 2021 @ 55%, total funds: Rs. 2,978,484,660.

Ghani Glass Limited was incorporated in Pakistan in 1992 as a limited liability company. The Company is engaged in the business of manufacturing and sale of glass containers and float glass.

Ghani Glass Limited is a company of Ghani Group; based in Pakistan with interests in containers glass and float glass, automobiles manufacturing/marketing and mining for silica sand, coal and rock salt. The group carries Over 50 Years of business experience in the local and International markets, especially in the glass sector. The company features seven modern glass plants in Pakistan producing container glass, float glass and value added glass with annual capacity of over 1,570 TPD.

The Company is listed on Pakistan Stock Exchange Limited. The shares of the company are 839,391,132. The Earnings per shares of the Company is 2.79 in 2020 which was 5.98 in 2019. Their Profit after Taxation is 1,513,075,000 in 2020 which was 3,143,520,000 in 2020.