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Ghani Glass Limited’s Financial Results for the Quarter Ended September 30, 2011

Karachi: We have to inform you that the Board of Directors of Ghani Glass Limited (GHGL), in its Meeting held on October 13, 2011 at 11:00 a.m. at 50-L, Model Town Ext, Lahore has recommended the following.

1. Cash Dividend

Nil

2. Bonus Shares

Nil

3. Any Other Entitlement/ Corporate Action

Nil

4. Any Other Price – Sensitive Information

Nil

The Financial Results approved by the Board of Directors of the Company are as follows.

Period ended
30 September 2011 30 September 2010
Sales 1,894,771,635 1,444,359,167
Cost of Sales 1,214,824,921 869,776,986
————– ————–
Gross Profit 679,946,714 574,582,181
General and administrative 68,566,470 63,280,604
Selling and distribution expenses 94,744,511 104,000,091
Other expenses 27,549,562 27,898,431
Other Income 2,748,619 4,904,073
————– ————–
(188,111,924) (190,275,053)
————– ————–
Operating Profit 491,834,789 384,307,128
Finance Cost 28,801,769 876,476
Share of Loss of Associate 2,115,000 7,002,000
————– ————–
Profit before taxation 460,918,020 376,426,652
Provision for taxation 122,792,759 112,868,153
————– ————–
Profit after taxation 338,125,261 263,558,499
————– ————–
Earning per share – Basic and Diluted 3.17 2.47

It is also intimated that the Board of Directors has fixed the number of Directors to be elected for next term of three years as eleven (11).

For more information, contact:
Hafiz Muhammad Imran Sabir
Company Secretary
Ghani Glass Limited
504 Model Town,
Lahore, Pakistan
Tel: +92-42-35218946
Fax: +92-42-35160314

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