Wednesday, December 7, 2022
HomeEquityEarnings Report: Bestway Cement Ltd. (PSX: BWCL) today reported Financial Results for...

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

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.

Posted on: 2017-08-23T10:41:00+05:00
RELATED ARTICLES
- Advertisment -

Most Popular