Bestway Cement profits up 49pc in July-March

KARACHI: Bestway Cement’s profit rose 49 percent to Rs9.23 billion for the nine-month period ended March 31, a bourse filing said on Thursday, as its sales increased during the period. 

The company reported Rs6.22 billion as profit in the corresponding period last year, it said in a notice issued to the Pakistan Stock Exchange.   Bestway Cement announced an interim cash dividend of Rs2.50, or 25 percent/share. In July-March, earnings per share amounted to Rs15.64 against Rs10.74 a year ago.

The company’s net sales increased 49 percent to Rs32.90 billion in the nine-month period. Its cost of sales rose to Rs18.55 billion from Rs13.51.

The cement maker posted gross profit increased 69 percent to Rs14.35 billion in the period under review.

For the quarter ended March 31, its profit increased 51 percent to Rs3.44 billion over the same quarter a year earlier.