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.