Bestway Cement Limited’s financial results for the year ended June 30, 2011

Karachi: We have to inform you that the Board of Directors of our Company in their meeting held at 11:30 A.M,, on Friday, September 30, 2011, at Bestway Building, 19-A, College Road, F-7 Markaz, Islamabad, approved the Accounts for the above period. Copy of the financial results of the Company is enclosed.

Bestway Cement Limited Unconsolidated Profit and Loss Account For the Year Ended 30 June 2011

 

Note

2011

2010

Turnover – net2813,332,366,90613,333,062,606
Cost of Sales2910,418,537,089 11,564,255,751
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Gross Profit2,913,829,8171,768,806,855
Administrative expenses30157,092,809123,548,579
Distribution cost31351,032,1631,074,655,856
Finance Cost322,489,299,0312,223,124,658
Other Operating income33(507,731,792)(240,527,682)
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2,489,692,2113,180,801,411
——————————-
Profit / (Loss) before taxation424,137,606(1,411,994,556)
Taxation34 (244,907,381)202,558,046
 ——————————-
Profit / (Loss) for the year179,230,225(1,209,436,510)
 ————— —————-
 Restated
Earning / (Loss) per share – basic and diluted37 0.573.95

 

The annexed notes from 1 to 40 form an integral part of these unconsolidated Financial Statements.

For more information, contact:
Kaleem Ashraf, ACA
Company Secretary
Bestway Cement Limited
Bestway Building, 19-A,
F-7 Markaz, Islamabad
Tel: +92-51-2654856
Fax: +92-51-2654865