Ghorahi Cement Narrows Annual Loss to Rs. 660 Million on Higher Sales
Ghorahi Cement Industries Limited (GCIL) cut its annual net loss to Rs. 660 million in FY 2080/81, down from Rs. 1.44 billion a year earlier, as sales revenue climbed 12.79%.
Ghorahi Cement Industries Limited (GCIL) has significantly reduced its net loss for the fiscal year ended Ashad 2081, reporting a loss of Rs. 660 million compared to Rs. 1.44 billion in the previous fiscal year.
The improvement came as the company’s sales revenue rose 12.79% to Rs. 5.05 billion, while total gross profit surged 232.54% year-on-year. However, finance costs increased 17.10% to Rs. 892 million, weighing on overall profitability.
GCIL’s paid-up capital stands at Rs. 4.56 billion, with reserves of Rs. 4.04 billion. As of fiscal year-end, EPS remained negative at Rs. -14.46, and net worth per share stood at Rs. 188.47.