Ghani Global : Transmission of Half Yearly Accounts for the half year ended December 31, 2022 - GHANI GLOBAL HOLDINGS LIMITED

HALF YEARLY

December 31, 2022

3

Ghani Global Group

ISO 9000 & ISO 14000 CERTIFIED COMPANY

Ghani Global Holdings Limited

CORPORATE INFORMATION

BOARD OF DIRECTORS
Masroor Ahmad Khan	Chairman
Atique Ahmad Khan	Chief Executive Ofcer
Haz Farooq Ahmad
Rabia Atique
Hafsa Masroor
Mahmood Ahmed
Chaudhry Umair Waqar
AUDIT COMMITTEE
Mahmood Ahmed	Chairman
Haz Farooq Ahmad
Rabia Atique
Hafsa Masroor

HUMAN RESOURCE & REMUNERATION AND

COMPENSATION COMMITTEE

Chaudhry Umair Waqar Chairman

Atique Ahmad Khan

Haz Farooq Ahmad

Hafsa Masroor

KEY MANAGEMENT
M. Ashraf Bawany	President
Farzand Ali	Company Secretary
Asim Mahmud	Chief Financial Ofcer
Muhammad Nouman	Head of Internal Audit
Sibtul Hassan Gilani	Head of Procurement & Imports
Muhammad Hanif	Head of Sales & Marketing - Glass
Bilal Butt	Head of Sales & Marketing - Gases & Chemicals
Asad Wazir	Head of Glass Plants
Abid Ameen	Head of Gases Plants

BANKS

Albaraka Bank Pakistan Limited

Askari Bank Limited

Faysal Bank Limited

Habib Bank Limited

Habib Metro Bank Limited

The Bank of Punjab

AUDITORS

ShineWing Hameed Chaudhri & Co.

Chartered Accountants

H.M. House, 7-Bank Square, Lahore.

SHARE REGISTRAR

Digital Custodian Company Limited

4-F, Pardesi House, Old Queens Road, Karachi. Tell: 021-32419770

LEGAL ADVISOR

Tariq Mahmood Khan, Advocate

DSK Law Firm, Lahore.

REGIONAL MARKETING OFFICE

C-7/A, Block F, Gulshan-e-Jamal

Rashid Minhas Road, Karachi.

Ph: 021 - 34572150

REGISTERED/CORPORATE OFFICE

10-N, Model Town Ext, Lahore 54000, Pakistan UAN: 111 GHANI 1 (442-641)

Fax: [phone]

E-mail: [e-mail]

Website: www.ghaniglobal.com

Ghani Global Holdings Limited

01

Half Year December 31, 2022

DIRECTORS' REPORT

Dear Shareholders

Assalam-o-Alaikum Wa RehmatUllah Wa Barakatoh

The Directors of your Company are pleased to present the unaudited/reviewed condensed interim nancial statements of the Company for the half year ended December 31, 2022, along with review report of the Auditors thereon, in compliance with the requirements of Companies Act, 2017.

FINANCIAL PERFORMANCE:

Standalone Performance

For the half year ended December 31, 2022, the net sales of your Company was Rs. 51.613 million as compared to Rs. 35.327 million in the same period last year, however there was an increase in the direct cost, resultantly the gross prot for the half year ended December 31, 2022 was Rs. 5.570 million as compared to previous year's gure of Rs. 10.094 million for the same period. In the unconsolidated nancial statement, the Company showed a after tax loss of Rs. 57,000/- only during the half year ended December 31, 2022 as compared to a prot of Rs. 3.160 million in the same period of last year.

During the period under review, Ghani Chemical Industries Limited one of the Subsidiary of your Company has distributed 10% Bonus shares to its shareholders, resultantly the cost on investment of the Company in the shares of Ghani Chemical Industries Limited has decreased proportionately.

CONSOLIDATED PERFORMANCE

Financial Performance including subsidiaries for the three month ended September 30, 2022 in comparison with the last year is as under:

	Rupees in '000'
Particulars	except EPS
	December 2022	December 2021
Gross Sales	3,582,695	3,609,173
Net Sales	3,051,714	3,174,514
Gross Prot	1,035,522	1,315,678
Distribution cost	125,733	169,253
Administrative expenses	179,730	141,615
Operating prot	786,127	1,051,594
Financial cost	261,440	116,807
Prot after taxation	315,854	699,432
Earnings per share (EPS)(re-stated) - PKR	0.51	1.31

PAYOUT TO THE SHAREHOLDERS

The Board of Directors of the Company in the meeting held on November 21, 2022 has already declared and issued 10% Bonus shares to the shareholders of the Company.

Ghani Chemical Industries Limited (subsidiary company)

Ghani Chemical Industries Limited (GCIL) is engaged in manufacturing and sale of industrial and medical gases and chemicals.

Pursuant to the sanction of Scheme of Arrangement for merger/amalgamation of G3 Technologies Limited (GTECH) with and into Ghani Chemical Industries Limited (GCIL) by the Honourable Lahore High Court, vide its order dated October 11, 2022, GTECH has been merged with and into GCIL. Through effect of this merger this subsidiary has been listed on the Pakistan Stock Exchange Limited with effect from November 14, 2022.

Ghani Global Holdings Limited

02

Half Year December 31, 2022

A comparison of the key nancial results of this Company for the period ended December 31, 2022, with the same period of last

year is as under:

	Rupees in '000'
Particulars	except EPS
	December 2022	December 2021
Sales	2,484,048	2,704,356
Net Sales	2,123,848	2,414,265
Gross Prot	772,627	1,047,691
Distribution cost	(105,312)	(135,970)
Administrative expenses	(120,156)	(98,291)
Operating prot	662,894	869,165
Financial cost	(213,526)	(95,704)
Prot after taxation	254,212	559,399
Earnings per share (EPS) -PKR	0.53	1.51

Ghani Global Glass Limited (subsidiary company)

Ghani Global Glass Limited is engaged in manufacturing and sale of import substitute Glass Tubing, Glass Ampoules and Glass Vials since 2015.

A comparison of the key nancial results of this Company for the half year ended December 31, 2022, with the same period of last year is as under:

	Rupees in '000'
Particulars	except EPS
	December 2022	December 2021
Gross Sales	1,134,903	918,398
Net Sales	971,802	779,049
Gross Prot	257,348	257,971
Selling and Distribution expenses	20,421	19,403
Administrative expenses	52,065	40,138
Operating prot	181,675	193,003
Financial cost	108,126	27,915
Net prot	61,531	137,564
Earnings per share (EPS) - PKR	0.26	0.57

FUTURE PROSPECTS

GHANI CHEMICAL INDUSTRIES LIMITED (Subsidiary Company)

The Company has already commenced the construction work for the setup of its 5th Air Separation Unit (ASU) Plant of 275 MTPD capacity for medical and industrial gases and import substitution for Calcium Carbide manufacturing plant at Hattar Economic Zone, KPK after obtaining the requisite approvals from the Environmental Protection Agency, Government of KPK. The Company has also obtained a load sanction from Peshawar Electricity Supply Company for 22MW electricity connection for these projects. Letter of credits for import of plant and machinery has already been opened and Alhamdulillah the rst shipment of plant and machinery has arrived and successfully cleared customs during January 2023. However, the project's cost has drastically increased and shipments of the remaining plant and machinery have been delayed due to the ongoing economic pressures leading to unpredictability regarding the US dollar PkR parity as well as outlook for the Country's FX reserves.

This Company has also decided to undertake the sale/export of its 110 TPD existing ASU manufacturing plant located at Phool Nagar, District Kasur to prospective buyers in the GCC region post completion of its 5th ASU plant in the Hattar Economic Zone.

Ghani Global Holdings Limited

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Half Year December 31, 2022

Ghani Global Glass Limited (subsidiary company)

Due to current practical difculties faced by the industry for opening of LCs and import of machinery parts, the repair work of existing furnace have been delayed.

To boost the export business, this Company is engaging an agent to market the export of Ampoules and Vials in both clear and amber glass in MENA, Europe, Latin American and to target Caribbean Pharma Companies.

ACKNOWLEDGEMENT

Indeed, all growth in the business of the company was not possible without the Will and Blessings of ALMIGHTY ALLAH. The Board of Directors wishes to express their gratitude to valued shareholders, banks/nancial Institutions, customers and suppliers for their continuous support, cooperation and patronage. We also wish to place on record the dedication, hard work and diligence of executives, staff and workers of the company.

For and behalf of Board of Directors

Lahore	ATIQUE AHMAD KHAN	HAFIZ FAROOQ AHMAD
Dated: February 28, 2023	Chief Executive Ofcer	Director

Ghani Global Holdings Limited

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Half Year December 31, 2022