Bestway Cement Ltd's bottom-line goes up by 9.5% owing to fall in taxes

Mar-19

Mar-18

% Change

Gross turnover

                     59,570,286

                     58,570,007

1.71%

Rebates and discounts

                     (1,704,570)

                     (1,679,127)

1.52%

Sales tax and excise duty

                  (17,069,658)

                  (16,641,566)

2.57%

Revenue

                     40,796,058

                     40,249,314

1.36%

Cost of Sales

                  (27,892,959)

                  (25,787,240)

8.17%

Gross profit

                     12,903,099

                     14,462,074

-10.78%

Other income

                             85,078

                           115,009

-26.02%

Selling and distribution expenses

                     (1,083,577)

                     (1,149,301)

-5.72%

Administrative expenses

                        (567,616)

                     (1,730,464)

-67.20%

Other expenses

                        (648,129)

                        (781,443)

-17.06%

Operating profit

                     10,688,855

                     10,915,875

-2.08%

Net finance costs

                     (1,125,871)

                        (437,559)

157.31%

Share of profit of equity-accounted investees, net of tax

                       1,049,586

                       1,219,965

-13.97%

Profit before tax

                     10,612,570

                     11,698,281

-9.28%

Income tax expense

                     (1,074,958)

                     (2,986,683)

-64.01%

Profit after tax

                       9,537,612

                       8,711,598

9.48%

Earnings per share - basic and diluted (Rupees)

                                     16

                               14.61

9.51%