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
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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