Bestway Cement delivers strong 73% profit growth
MG News | July 15, 2025 at 12:17 PM GMT+05:00
July 15, 2025 (MLN): Bestway Cement Limited (PSX: BWCL) posted a profit after tax of Rs23.86 billion [EPS: Rs40.02] for the year ended June 30, 2025, reflecting a strong 73.32% increase compared to Rs13.77bn [EPS: Rs23.09] reported in the previous year.
The company has declared a final cash dividend of Rs10 per
share (100%), in addition to interim dividends already paid totaling Rs24 per
share (240%).
The company’s gross turnover rose by 15.73% year-on-year
(YoY) to Rs168.49bn, up from Rs145.58bn in FY24.
Despite a 43.72% YoY rise in sales tax and excise duty to
Rs54.72bn and a 67.37% increase in rebates and discounts, net turnover still
managed to register a modest growth of 3.69% YoY, reaching Rs107.76bn.
Cost of sales slightly declined by 1.69% YoY to Rs70.48bn,
which led to a 15.67% increase in gross profit, reaching Rs37.28bn.
On the expenses front, selling and distribution costs rose
by 20.16% to Rs1.6bn, administrative expenses surged by 36.17% to Rs2.07bn, and
other operating expenses jumped by 53.65% to Rs1.76bn.
Despite the rise in expenses, the company’s operating profit
increased by 12.81% YoY to Rs31.84bn.
Other income rose sharply by 124.85% to Rs1.49bn, while
finance costs dropped by 31.99% to Rs7.63bn.
The share of profit from equity-accounted investees more
than doubled, rising by 128.47% YoY to Rs10.75bn.
As a result, profit before tax climbed 62.89% YoY to Rs36.45bn. Income tax expense also increased by 46.20% to Rs12.59bn.
|
Statement of Profit or
Loss for the period ended June 2025 (Rupees '000) |
|||
|
| June-25 |
June-24 |
%Change |
|
Gross turnover |
168,486,554 |
145,584,979 |
15.73% |
|
Less: rebates and
discounts |
(6,006,662) |
(3,588,867) |
67.37% |
|
Less: sales tax and
excise duty |
(54,721,339) |
(38,073,849) |
43.72% |
|
Net turnover |
107,758,553 |
103,922,263 |
3.69% |
|
Cost of sales |
(70,480,291) |
(71,695,037) |
-1.69% |
|
Gross profit |
37,278,262 |
32,227,226 |
15.67% |
|
Selling and distribution
expenses |
(1,602,427) |
(1,333,621) |
20.16% |
|
Administrative expenses |
(2,072,545) |
(1,522,064) |
36.17% |
|
Other operating expenses |
(1,763,748) |
(1,147,928) |
53.65% |
|
Operating profit |
31,839,542 |
28,223,613 |
12.81% |
|
Other income - net |
1,490,056 |
662,682 |
124.85% |
|
Finance cost |
(7,625,366) |
(11,212,392) |
-31.99% |
|
Share of profit of
equity-accounted investees - net of tax |
10,745,913 |
4,703,401 |
128.47% |
|
Profit before tax |
36,450,145 |
22,377,304 |
62.89% |
|
Income tax expense |
(12,585,777) |
(8,608,729) |
46.20% |
|
Profit for the year |
23,864,368 |
13,768,575 |
73.32% |
|
Earnings per share -
basic and diluted (Rupees) |
40.02 |
23.09 |
73.32% |
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