Ghani Chemworld swings to Rs68m loss in 1QFY27

October 28, 2026 (MLN): Ghani Chemworld Limited (PSX: GCWL) posted a net loss of Rs67.70m for the three months ended September 30, 2026, compared with a profit after taxation of Rs63.92m in the same period last year.

Basic loss per share (LPS) stood at Rs0.27 and diluted LPS at Rs0.26, against earnings per share (EPS) of Rs0.26 in the corresponding quarter last year.

The swing came from a gross loss of Rs259.10m, new finance costs and minimum and final tax levies, along with the absence of last year’s share of profit from an associated company. A surge in other income partly cushioned the impact.

The company booked sales of Rs101.18m, with no sales in the same period last year. After sales tax of Rs15.43m, net sales stood at Rs85.75m. Cost of sales of Rs344.84m far exceeded net sales, resulting in a gross loss of Rs259.10m.

Administrative and general expenses rose more than five-fold to Rs5.53m from Rs1.03m, and the company booked selling and distribution expenses of Rs4.72m, with none last year.

Other income was the key offset, rising to Rs370.10m from Rs0.10m, a jump of more than 3,600-fold. As a result, the company recorded a profit from operations of Rs100.75m, against an operating loss of Rs0.93m last year.

Finance cost stood at Rs95.94m, with none in the same period last year. The company booked no share of profit from an associated company, compared with Rs64.85m last year.

Profit before taxation and minimum and final tax levies plunged 92.47% to Rs4.81m from Rs63.92m. Minimum and final tax levies of Rs72.51m, with none last year, pushed the result into a loss before taxation of Rs67.70m.

No taxation was booked in either period, leaving the net loss at Rs67.70m.

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