GVGL’s profits remain unbreakable, rising to Rs530mn

February 25, 2025 (MLN): Ghani Value Glass Limited (GVGL) has reported a profit of Rs530 million for the half-year ended December 31, 2024, reflecting a nearly 11% increase from Rs479mn in the same period last year.

The company’s earnings per share (EPS) rose to Rs3.53 from Rs3.19, highlighting its strong financial performance.

GVGL’s revenue from contracts with customers increased to Rs2.82 billion, marking an 11% year-on-year growth compared to Rs2.5bn in the previous year.

This increase was driven by higher demand for the company’s glass products and improved market conditions.

The cost of sales also saw a rise, reaching Rs1.75bn from Rs1.6bn, an 11.5% increase, resulting in a gross profit of Rs1bn, up 10.6% from Rs965mn in the prior year.

Despite an increase in administrative expenses to Rs321mn from Rs278nn, a 15.4% rise, the company managed to improve its operating profit, which stood at Rs634.4mn, a 11% increase from Rs572.4mn in the previous year.

The distribution expenses declined to Rs52mn, reflecting a 20.4% decrease from Rs65mn, while other operating expenses amounted to Rs60mn, up 21.6% from Rs49mn.

The company’s taxation for the period stood at Rs197.6mn, compared to Rs168mn in the previous year, reflecting a 17.4% increase.

Other income contributed Rs93mn, a 22% rise, further supporting GVGL’s profitability.

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