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Bestway Cement Ltd. profits fall 6% to 3 billion

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  • 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%.
Comparison of Key Financials

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.

Posted on: 2017-10-23T11:16:00+05:00