Ghani Glass shines bright as FY23 profits surged to Rs8.1bn

Jun-23

Jun-22

% Change

Revenue from contracts with customers - net

40,707,944,488

30,827,262,098

32.05%

Cost of sales

(29,426,655,685)

 (21,811,719,265)

34.91%

Gross profit

           11,281,288,803

             9,015,542,833

25.13%

General and administrative expenses

           (1,163,926,057)

               (954,165,279)

21.98%

Selling and distribution expenses

           (1,803,319,137)

           (1,486,519,130)

21.31%

Other expenses

               (619,017,545)

               (473,405,854)

30.76%

Exchange gain / (loss) - net

                 212,693,658

                 (23,793,514)

Provision for expected credit loss on trade debts

               (170,045,863)

                 (96,533,726)

76.15%

Other income

342,286,188

                 360,496,038

-5.05%

Profits from operations

             8,079,960,047

             6,341,621,368

27.41%

Finance costs

               (117,411,570)

               (122,618,716)

-4.25%

Share of (loss)/profit of associate

                 569,641,939

                   19,934,793

-

Profit before taxation

             8,532,190,416

             6,238,937,445

36.76%

Taxation

               (435,241,835)

               (194,078,157)

124.26%

Profit after taxation

             8,096,948,581

             6,044,859,288

33.95%

Earnings per share - basic and diluted

8.1

6.05

33.88%