Karachi, Baluchistan Glass Limited informed Pakistan Stock Exchange about transaction of shares of the company. 24,500,000 shares @ Rs. 10.00 per share were sold in the market on February 28, 2023 through CDC.
“Baluchistan Glass Limited was incorporated in Pakistan as a public limited company in 1980. The Company is engaged in manufacturing and sale of glass containers, glass table wares and plastic shells. The BGL Unit I manufacturing facility is located at Hub in Baluchistan, approximately 35 km from Karachi. BGL-II (Ex-Ravi) & BGL-III (Ex- Rachna), taken over in December 2002, are both located on the Lahore Sheikhapura Road.
The total capabilities of these units is 36,000 tons, 75,000 tons and 22000 tons per annum respectively, and they produce various types of narrow and wide neck glass containers for soft drinks , juices, food, pharmaceuticals and breweries in flint, green & amber and tableware.
The total number of shares are 261,600,000. The Earnings per share is (1.77) in 2020 which was (0.52) in 2019. The Company had a loss of Rs. 464,205,000 in 2020, which was 135,623,000 in 2019. “