Bestway Cement Ltd. profits fall 6% to 3 billion
MG News | October 23, 2017 at 11:16 AM GMT+05:00
- Bestway Cement Gross Turnover for the period increased by 18%, amounting to a total of 18 billion Rupees during the Quarter ended September, 30th 2017
- Company’s Cost of Sales increased by 30%
- The Profit after tax for the period decreased 6% reaching 3 billion compared to same period last year’s profit of 3.2 billion Rupees.
- The company’s earnings per share reached 5.03 Rupees
- Bestway Pak declared a cash dividend of Rs. 3.share at the rate of 30%.
| Unconsolidated Profit and Loss Account - For the Quarter Ended, September 30th 2017 | |||
|---|---|---|---|
| Key Financials | 2017 | 2016 | % Change |
| Amounts in PKR ‘000 | |||
| Gross Turnover | 18,665,411 | 15,789,109 | 18.22% |
| Revenue | 12,913,724 | 11,579,555 | 11.52% |
| Cost of Sales | 8,042,299 | 6,208,241 | 29.54% |
| Gross Profit | 4,871,425 | 5,371,314 | -9.31% |
| Selling and Distribution Expenses | 314,352 | 422,013 | -25.51% |
| Administrative Expenses | 559,362 | 569,531 | -1.79% |
| Operating Profit | 3,743,144 | 4,117,650 | -9.10% |
| Net Finance Costs | 170,880 | 300,990 | -43.23% |
| Profit before Tax | 4,043,181 | 4,357,187 | -7.21% |
| Income Tax Expenses | 1,046,720 | 1,154,749 | -9.36% |
| Profit after Tax | 2,996,461 | 3,202,438 | -6.43% |
| EPS - Basic and diluted | 5.03 | 5.37 | -6.33% |
Company release on Earnings Report can be accessed here.
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