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Bestway Cement Posts 1% Lower Profit as Revenue Swells to Rs. 52.88 Billion

Bestway Cement Limited has posted a net benefit of Rs. 13.15 billion for the financial year finishing on June 30 2018. The income were level as the benefits were around 1.05% contrasted with Rs. 13.29 billion earned in a similar time of the earlier year.

Income per share (EPS) were level also, being imperceptibly diminished to Rs. 22.07 when contrasted with Rs. 22.29 in a similar time of the past money related year.

The outcome was above market desires because of the acknowledgment of conceded impose amid the quarter and higher expense credit.

Alongside the monetary outcome, the organization reported a last money profit of PKR 3.00/share taking its entire year profit to PKR 12.00/share.

Bestway Cement burned through 25% more on refunds and rebates, while deals assessment and extract obligation costs went up by 22%. In general the income for the monetary year was up by 2.44% to Rs. 52.88 billion when contrasted with a year ago’s income of Rs. 51.62 billion.

The organization enlisted 15% lesser gross benefits and in addition 14% lower managerial costs while other wage expanded, prompting a general 18% drop in working benefits. The back cost amid the monetary year dove down to multi year on year. Bestway additionally figured out how to lessen its wage charge cost by 66%.

The organization’s gross edge for the fourth quarter stayed dull inferable from strong coal costs and power costs amid the quarter alongside Rupee’s devaluation against US Dollar.

Bestway’s content at the bourse was shut at Rs. 145, up by 4.09% with a turnover of 0.01 million offers.

Bestway Cement Inaugurates Line II of 6,000 TPD at Farooqia

Bestway Cement Limited (BCL) is Pakistan’s biggest concrete producer with a yearly generation limit of 10.8 million tons. Toward the beginning of August, BCL initiated its 6th creation line with 6,000 tons for each day limit at Farooqia Plant.

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