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Ghani Gases Limited’s financial results for the year ended 30-06-2012

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Karachi, September 25, 2012 (PPI-OT): We have to inform you that the Board of Directors of Ghani Gases Limited (GGL) in their meeting held on Tuesday September 25, 2012 at 02.00 P.M. recommended the following:

Cash Dividend

Nil

And/ Or

Bonus Shares

Nil

The financial results of the Company are as follows:

(Rupees in 000)

June

June

2012

2011

Gross sales-Local

849,749

520,774

Less:
Sales tax

100,607

70,680

Excise duty

5,631

——-

——-

109,607

76,311

——-

——-

Net Sales

740,142

444,463

Cost of Sales

464,608

298,932

——-

——-

Gross profit

275,534

145,531

Distribution cost

94,222

63,091

Administrative expenses

57,441

46,782

Other operating expenses

7,538

6,407

——-

——-

159,201

116,280

——-

——-

116,333

29,251

Other income

51,155

112,884

——-

——-

167,488

142,135

Finance cost

72,864

57,121

——-

——-

Profit before taxation

94,624

85,014

Taxation

7,904

5,569

——-

——-

Profit after taxation for the year

86,720

79,445

——-

——-

Earnings per share-basic and diluted (rupees)

1.20

1.10

The Annual General Meeting of the Company will be held on Thursday October 25, 2012 at 11:00 AM at Lahore.

The Share Transfer Books of the Company will be closed from Thursday October 18, 2012 to Thursday October 25, 2012 (both days inclusive).

For more information, contact:
Farzand Ali
Company Secretary
Ghani Gases Limited
82-N. Model Town,
Ext. Lahore 54000- Pakistan
UAN: 111-GHANI1 (442-641)
Ph: +92-42-35161424-5
Fax: +92-42-35160393
Web: www.ghaniglobal.com
E-mail: info@ghniglobal.com

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