GCIL reports 56% increase in 1HFY25 profit, reaches Rs712m

February 28, 2025 (MLN): Ghani Chemical Industries Limited (PSX: GCIL) has posted a significant 56% increase in profit after taxation for the half-year ending December 31, 2024, reaching Rs712 million, compared to Rs456m in the same period last year.

In addition to the strong financial results, GCIL declared an interim cash dividend of Rs0.6 per share, representing 6% of the share value for the period.

Earnings per share (EPS) for the period increased to Rs1.42, compared to Rs0.92 in the previous year.

The company reported net sales of Rs3.6 billion, a 49% growth from Rs2.4bn in 2023.

GCIL's strong performance is driven by a notable rise in gross profit, which surged by 72%, reaching Rs1.4bn from Rs862m last year.

Despite an increase in the cost of sales by 36%, the company managed to maintain a healthy margin.

Other income, however, fell by 27%, dropping from Rs276.5m to Rs202.6m.

The company's operating profit rose by 55.6%, standing at Rs1.4bn, up from Rs898m in 2023.

Finance costs increased slightly by 2.6%, totaling Rs217m, while the tax charge saw a dramatic increase of 315.6%, rising from Rs112m to Rs466.5m.