GGL & GGGL_Analyst Briefing Notes, (AKD Daily, Nov 20, 2020)

Ghani Global Holdings Limited (GGL), and Ghani Global Glass Limited (GGGL) held their analyst briefing yesterday. By way of background, GGL is a holding company with a stake of, 99.4% in Ghani Chemicals Limited (GCIL) and 50.1% in Ghani Global Glass Limited (GGGL). The company reported consolidated earnings of PkR0.66/sh in 1QFY21 compared to PkR0.21/sh in the same period last year and –ve PkR0.34/sh in the previous quarter. Turnaround in performance is attributable to, i) uptick in average v...