Earnings Report: Bestway Cement Ltd. (PSX: BWCL) today reported Financial Results for twelve months ended June 30, 2017

MG News | August 23, 2017 at 10:41 AM GMT+05:00

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Bestway Cement Ltd. announced Financial Results for the period ended June 30, 2017.

The company’s Gross Turnover for the period increased by 22 percent in the outgoing year, whereas the Profit after Taxation for the Period increased by 12 percent.

The board has recommended a final cash dividend for the year ended June 30, 2017at Rs. 3/- per share i.e. 30%. This is in addition to the interim dividend already paid at Rs. 9/- per share i.e. 90%. The board issued no bonus or right shares.

Comparison of Key Financials

Unconsolidated Profit and Loss Account -
Key Financials	2017	2016	% Change
	Amounts in PKR ‘000
Gross Turnover	71,440,848	58,543,507	22%
Less: rebates and discounts	1,810,264	1,635,472	11%
Less: sales tax and excise duty	18,007,108	11,186,995	61%
Revenue	51,623,476	45,721,040	13%
Cost of Sales	20,090,753	24,573,384	-18%
Gross Profit	22,532,723	21,147,656	7%
Other income	99,860	172,795	-42%
Selling and Dist: expenses	1,558,903	1,176,860	32%
Admin: Expenses	2,404,652	2,463,969	-2%
Operating Profit	17,439,243	16,788,659	4%
Net finance costs	830,715	1,822,500	-54%
Profit before Tax	18,664,166	17,077,994	9%
Income tax Expense	5,371,526	5,197,577	3%
Profit	13,292,640	11,880,417	12%
EPS - Basic and diluted	22.29	20.16	11%

Company release on Earnings Report can be accessed here.

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