Bestway Cement profits fall 13% to Rs. 6.194 billion

Key Financials

2017

2016

% Change

Amounts in PKR ‘000

Gross Turnover

38,447,592

35,353,631

8.75%

Less: Rebates and Discounts

1,115,113

894,152

24.71%

Less: Sales Tax and excise duty

10,872,962

8,618,711

26.16%

Revenue

26,459,517

25,840,768

2.39%

Cost of Sales

16,557,343

14,030,227

18.01%

Gross Profit

9,902,174

11,810,541

-16.16%

Other Income

82,310

40,945

101.03%

Selling and Distribution Expenses

710,242

839,498

-15.40%

Administrative Expenses

1,156,528

1,139,617

1.48%

Other Expenses

541,647

644,214

-15.92%

Operating Profit

7,576,067

9,228,157

-17.90%

Net Finance Costs

300,344

473,040

-36.51%

Share of Profit of equity-accounted investors, net of tax

1,001,174

1,018,884

-1.74%

Profit before Tax

8,276,897

9,774,001

-15.32%

Income Tax Expense

2,082,740

2,668,749

-21.96%

Profit after Tax

6,194,157

7,105,252

-12.82%

EPS - Basic and diluted

10.39

11.95

-13.07%