Islamabad November 7 2024: Ghani Chemical Industries Limited (GCIL) has successfully commissioned Pakistan’s largest and Company’s 5th new state-of-the-art industrial and medical gases manufacturing plant, having capacity of 275TPD, at Hattar Special Economic Zone, District Haripur.
“With the commencement of its operations, by the grace of Almighty Allah, GCIL have obtained the status of leading manufacturer of industrial and medial gases sector of the country” states the company in its note.
The plant is capable of producing liquid oxygen, liquid nitrogen and liquid argon simultaneously. Taking into consideration the complexities associated with transportation of these products particularly in order to fulfill the region’s need for Oxygen in the healthcare industry. Setup of import substitute Calcium Carbide Project is also actively under construction and will be installed shortly.
Company is already running four state-of-the-art 410 TPD (tons per day) Air Separation Plants at Lahore (02) and Karachi (02). All Processes are fully controlled through Modern Supervisory control and data acquisition on (SCADA) system provided by leading brands i.e. Yokogawa and Siemens. GCIL is the only Liquid Medical Oxygen manufacturer with “Back up Plant” facility at its Lahore and Post Qasim Site, due to which it supplied highest quantity of Medical Oxygen to hospitals during
COVID with smooth & reliable services.
Company improved/enhanced the sales to PKR 2,037 million in the first quarter ended September 2024 from PKR 1,434 million as compared with the same period of last year. Gross profit of the Company has increased to PKR 636 million from PKR 442 million in comparison with corresponding period of last year. Distribution cost and administrative cost incurred during period is PKR 39 million and PKR 64 million whereas for the same period of last year it was PKR 43 million and PKR 49 million, respectively.
Although finance cost increased from PKR 103 million to PKR 114 million as compared with the same period of last year, however, due to considerable increase in sales volume, prot after taxation increased to PKR 303 million against PKR 225 million in comparison with same period of last year. Accordingly, Company’s Earnings per share increased to PKR 0.61 whereas during the same period of last year, Company’s Earnings per share was PKR 0.46.
