Ghani Gases Ltd (GGL),a subsidiary of Ghani Glass Ltd(GHGL) experienced revenue growth with gross margin mounting to 31.5% in 9MFY11 from 1.4% in the corresponding period of last year.
Calcium Carbide, the jewel in the crown, which management expects to yield 25-30% of the total revenue in coming years.It has set up a boosting system to improve its operating efficiency and better utilization of plant facilities which can be evident by ratio of cost of sales to net sales which decreased to 68.5 %.
