Ghandhara Industries incurs losses of Rs 1.28 billion in FY20

12:09
September 30, 2020
MG

September 30, 2020 (MLN): Ghandhara Industries Limited has announced its financial results for the year ended June 30, 2020, which show a Loss after tax of Rs. 1.28 billion (LPS: 30.11) as opposed to profit of Rs. 60.09 million (EPS: 1.41) recorded last year.

The jeer-worthy performance was a result of lower gross income, which in turn resulted from a 15% decline in sales. A 53.4% decline in the non-core income added fuel to the bulging fire.

The biggest setback came in the form of a 2.43x increase in income tax expense, which translates into a difference of almost Rs. 191.6 million.

The Distribution expense declined by around 8%, whereas Administrative expense surged by merely 1.7%.

Consolidated Financial Results for the year ended June 30, 2020 (Rupees'000)
	Jun-20	Jun-19	% Change
Sales	11,788,254	13,909,913	-15.3%
Cost of sales	(11,095,490)	(12,308,321)	-9.9%
Gross profit	692,764	1,601,592	-56.7%
Distribution cost	(493,750)	(534,954)	-7.7%
Administrative expenses	(272,581)	(267,907)	1.7%
Other operating cost	(22,882)	(26,398)	-13.3%
Other income	54,656	117,383	-53.4%
Finance cost	(970,416)	(750,662)	29.3%
(Loss)/profit before taxation	(1,012,209)	139,054
Taxation	(270,626)	(78,961)	242.7%
(Loss)/profit after taxation	(1,282,835)	60,093
(Loss)/earnings per share	-30.11	1.41

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Posted on: 2020-09-30T17:09:00+05:00

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PairID	Symbol	Bid	Ask	High	Low	Update
1	PKR	278.30000	278.50000	278.50000	278.30000	03:02 PM
2	EUR	1.06988	1.06990	1.06990	1.06988	11:22 AM
3	GBP	1.24396	1.24401	1.24401	1.24396	11:22 AM
4	CHF	0.91065	0.91077	0.91077	0.91065	11:22 AM
5	JPY	154.78800	154.79500	154.79500	154.78800	11:22 AM
6	CAD	1.36698	1.36704	1.36704	1.36698	11:22 AM
7	AUD	0.64812	0.64815	0.64815	0.64812	11:22 AM
8	INR	83.29580	83.29680	83.29680	83.29580	11:22 AM
9	SAR	3.75070	3.75090	3.75090	3.75070	08:22 PM
10	AED	3.67230	3.67330	3.67330	3.67230	08:21 PM
11	HKD	7.83620	7.83630	7.83630	7.83620	11:22 AM
12	CNH	7.26054	7.26071	7.26071	7.26054	11:22 AM
13	CNY	7.24300	7.24400	7.24400	7.24300	11:17 PM
14	THB	36.88300	36.96600	36.96600	36.88300	11:22 AM
15	MYR	4.77750	4.78250	4.78250	4.77750	05:42 AM
16	IDR	16,144.50000	16,153.60000	16,153.60000	16,144.50000	11:22 AM
17	SGD	1.36124	1.36134	1.36134	1.36124	11:22 AM
18	NZD	0.59365	0.59371	0.59371	0.59365	11:22 AM
19	MXN	16.99710	17.00210	17.00207	16.99707	11:22 AM
20	TRY	32.55140	32.55850	32.55852	32.55144	11:22 AM
21	SEK	10.82930	10.83240	10.83238	10.82929	11:22 AM
22	ZAR	19.11380	19.12310	19.12310	19.11380	11:22 AM
23	NOK	10.93350	10.93550	10.93553	10.93353	11:22 AM
24	DKK	6.97176	6.97235	6.97230	6.97180	11:22 AM
25	ARS	872.74500	872.75500	872.75500	872.74500	11:22 AM
26	BDT	107.93300	111.30800	111.30797	107.93329	07:19 AM
27	BHD	0.37698	0.37703	0.37703	0.37698	08:21 PM
28	BRL	5.15450	5.15750	5.15750	5.15450	11:22 AM
29	KRW	1,372.78000	1,374.78000	1,374.78000	1,372.78000	11:22 AM
30	KWD	0.30798	0.30808	0.30808	0.30798	08:22 PM
31	LKR	296.61500	303.17700	303.17688	296.61502	07:19 AM
32	OMR	0.38498	0.38502	0.38502	0.38498	07:59 PM
33	QAR	3.64600	3.64900	3.64900	3.64600	08:22 PM
34	RUB	93.02000	93.04000	93.04000	93.02000	08:00 PM
35	AFN	71.19560	73.07040	73.07036	71.19556	07:19 AM
36	AZN	1.70000	1.70000	1.70000	1.70000	06:38 AM
37	TMT	3.35000	3.65000	3.65000	3.35000	08:00 PM
38	MVR	15.26000	15.66000	15.66000	15.26000	08:00 PM
39	UZS	12,663.50000	12,729.10000	12,729.07937	12,663.46073	07:19 AM
40	PHP	57.39800	57.43600	57.43600	57.39800	11:22 AM
42	NGN	1,233.95000	1,234.95000	1,234.95000	1,233.95000	07:19 AM
43	KES	133.50000	135.50000	135.50000	133.50000	08:41 AM
44	AMD	390.04000	390.04000	390.04000	390.04000	07:57 AM
45	TWD	32.55830	32.58830	32.58830	32.55830	11:22 AM
46	XAU	2,321.17000	2,321.56000	2,321.56000	2,321.17000	11:21 AM
47	XAG	27.22120	27.22980	27.22980	27.22120	11:21 AM
48	XPT	913.95000	915.45000	915.45000	913.95000	08:22 PM
49	XPD	1,015.60000	1,025.60000	1,025.60000	1,015.60000	08:22 PM
2,120	VES	36.26120	36.34220	36.34216	36.26125	08:00 PM
2,212	UGX	3,769.29000	3,853.65000	3,853.65305	3,769.28701	07:19 AM
2,213	TZS	2,594.99000	2,595.01000	2,595.01500	2,594.98500	07:16 AM

Data is delayed by 20 minutes

EQUITY

Name	High	Current	Low	Change	% Change	Volume	Value	DateTime
KSE100	71,846.64	71,359.405	71,338.43	-74.056	-0.104	383,445,458.0	14,889,881,592.600	23/04/2024 04:13 PM
ALLSHR	47,130.64	46,865.873	46,836.87	-98.781	-0.210	652,962,508.0	24,431,501,771.190	23/04/2024 04:13 PM
KSE30	23,685.35	23,566.856	23,534.69	0.501	0.002	105,787,553.0	9,001,534,258.600	23/04/2024 04:13 PM
KMI30	120,645.96	119,675.932	119,552.66	77.916	0.065	170,342,506.0	8,837,506,407.860	23/04/2024 04:13 PM
KMIALLSHR	33,523.95	33,318.567	33,318.59	-47.008	-0.141	508,418,986.0	19,702,328,669.270	23/04/2024 04:13 PM
BKTi	17,962.81	17,852.482	17,760.93	-63.214	-0.353	24,348,778.0	2,523,701,350.410	23/04/2024 04:13 PM
OGTi	17,099.54	16,869.074	16,809.71	-50.514	-0.299	6,409,607.0	961,700,948.010	23/04/2024 04:13 PM

Data is delayed by 20 minutes

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Name	Symbol	Last	High	Low	Change
BITCOIN FUTURES	BTC	66,870.0	67,340.0	65,795.0	260.00
BRENT CRUDE	EB	87.6	88.2	86.0	0.64
RICHARDS BAY COAL MONTHLY	EF	105.5	0.0	0.0	-3.00
ROTTERDAM COAL MONTHLY	ET	120.0	0.0	0.0	1.35
USD RBD PALM OLEIN	POL	832.5	832.5	832.5	0.00
CRUDE OIL – WTI	QCL	82.6	83.0	80.9	0.69
SUGAR #11 WORLD	SB	19.6	19.8	19.5	-0.01

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