Karachi: Ghandhara Industries Limited has announced that no dividends, bonus shares, rights shares, or any other entitlements will be issued for the quarter ending September 30, 2024. The decision came during a board meeting held via video conferencing on October 23, 2024, where the directors reviewed and approved the company’s financial results for the period.

According to information available from the Pakistan Stock Exchange (PSX), Ghandhara Industries reported a profit after taxation of 989.88 million rupees for the quarter, a significant increase from 61.60 million rupees in the same period last year. This represents a considerable improvement in the company’s profitability despite the lack of additional shareholder incentives.

The detailed financial results highlight several key factors contributing to this performance. Sales for the quarter stood at 6.05 billion rupees, up from 2.52 billion rupees in the previous year. The cost of sales also increased, but the gross profit rose sharply from 442.36 million to 1.37 billion rupees. Operating expenses, including distribution and administrative costs, were managed efficiently, while other income contributed 113.45 million rupees to the bottom line.

The quarterly report and further detailed financial statements will be transmitted through the PSX’s PUCARS system within the specified timeframe, ensuring full compliance with disclosure requirements and transparency for investors.