Ghani Value Glass Limited Declares 10% Cash Dividend for Half-Year Ending December 2024

Lahore: The Board of Directors of Ghani Value Glass Limited announced a 10% cash dividend for the half-year period ending December 31, 2024, following a meeting held on February 25, 2025, at the company’s headquarters in Model Town, Lahore. The company has not declared any bonus shares or other entitlements for this period.

According to the financial results submitted, the company's total equity increased to 4.16 billion, up from 3.78 billion as of June 30, 2024. The profit for the half-year amounted to 529.87 million, reflecting a steady performance by the company. The total comprehensive income for the period matched the profit at 529.87 million.

The share transfer books will be closed from March 11, 2025, to March 13, 2025, for dividend entitlements. Transfers submitted by the close of business on March 10, 2025, to M/s. Corplink (Pvt) Ltd will be eligible for the dividend.

According to information available from the Pakistan Stock Exchange (PSX), Ghani Value Glass Limited's financial position remains robust, with revenue reserves showing a significant increase to 1.71 billion from the previous 1.33 billion in June 2024. The company's general reserves and revaluation surplus on freehold land remained unchanged.

The interim financial statements, including the statement of changes in equity, indicate a consistent upward trend in the company's financial health. The half-yearly report will be disseminated through the PUCARS system within the specified timeframe, as required by regulatory obligations.

Ghani Value Glass Limited operates within the designated market category of the Pakistan Stock Exchange, maintaining its strategic focus on enhancing shareholder value through stable financial results and prudent capital management.