The profit after tax of Ghani Glass Limited has declined to Rs 402.379 million in the year ending June 30 as compared to Rs 485.043 million in the corresponding period last year. The company's earning per share stood at Rs 5.03 in the period under review against Rs 6.84 in the same period last year.
The board of directors of the company, in its meeting, recommended a cash dividend for the year at rupees two per share, ie 20 percent. The board also recommended issuing bonus shares in the proportion of five shares for every 100 shares, ie five percent.
In an information sent to the Karachi Stock Exchange (KSE), it was stated that the net sales of the company increased to Rs 3,124.633 million in 2007 financial year against Rs 2,745.107 million in the same period in 2006 year.
On the other hand, the cost of sales also increased and stood at Rs 2,347.295 million in this period against Rs 1,970.578 million in the same period last year. The company's profit before tax declined to Rs 477.918 million in this period against Rs 558.404 million previously.
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