Ghani Global Glass earnings reach Rs31m despite revenue decline

Ghani Global Glass (GGGL) reported profit after taxation of Rs30.97 million for the quarter ended September 30, 2026, up 27.05% from Rs24.37 million a year earlier, Mettis Global reported. Earnings per share rose 30% to Rs0.13. The increase came despite net sales falling 27.63% to Rs568.19 million, as cost of sales declined more sharply, by 39.14%, lifting gross profit 24.12% to Rs177.28 million.

The company recorded no exports in the quarter, compared with Rs21.14 million in the same period last year, while local gross sales fell 24.93% to Rs671.28 million. Operating expenses rose 50.24% to Rs48.86 million, other income dropped 77.09% to Rs3.01 million, and finance costs increased 11.24% to Rs93.36 million. Profit before levy and taxation slipped 3.68% to Rs38.07 million, but no income tax charge was recorded, compared with Rs12.03 million a year earlier, contributing to the higher after-tax result.