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
2. Bonus Shares
3. Any Other Entitlement/ Corporate Action
4. Any Other Price – Sensitive Information
The Financial Results approved by the Board of Directors of the Company are as follows.
|30 September 2011||30 September 2010|
|Cost of Sales||1,214,824,921||869,776,986|
|General and administrative||68,566,470||63,280,604|
|Selling and distribution expenses||94,744,511||104,000,091|
|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
Ghani Glass Limited
504 Model Town,