PACRA assigns Preliminary rating to Ghani Chemical Industries Limited - PP Sukuk - PKR 800 million - TBI - Press Release issued by The Pakistan Credit Rating Agency Limited.

Lahore -- January 30, 2023 (PPI-OT)Following is the text of press release issued by The Pakistan Credit Rating Agency Limited (PACRA)QuoteThe ratings recognize Ghani Chemical Industries Limited's (GCIL) leading and prominent position in the industrial and medical gases sector in terms of production capacity. The industry largely possesses an oligopolistic structure, benefiting the players. During FY22 the top line of the Company showed ~9.2% growth and margins also showed improvement at all levels. All three plants remained operational at optimum capacity utilization. GCIL's fourth 105TPD dedicated plant became operational and started to cater to the demand of renowned industrial customers and would play a pivotal role in top-line and bottom-line growth.Going forward the Company is expected to receive benefits from (a) rising demand from the industrial segment which will be translated into better financial performance (b) Capacity...