Financial results of Bestway Cement Limited for period ended March 31, 2016

Karachi, Bestway Cement Limited informed Pakistan Stock Exchange about recommendations made by the board of directors in the meeting held at Islamabad on May 04, 2016.

The agenda of the meeting was discussion of profit and loss account for nine months period and quarter ended March 31, 2016, which portrayed a profit of Rs. 7,456,623 and Rs. 2,705,412 with earnings per share 12.87 and 4.67 basic and diluted respectively.

Further, Rs. 2.50 per share i.e. 25% payment of cash dividend, nil bonus shares and right shares was agreed.

Furthermore, the share transfer books of the company will remain closed from May 19, 2016 to May 25, 2016 (both days inclusive).

Bestway Cement Limited is a public limited company incorporated in Pakistan on December 22, 1993. The foundation of the company is laid under the Companies Ordinance, 1984. The principal activity of the company is production and sale of cement. The products in which the company deals are Ordinary Portland Cement, Sulphate Resistant Cement, Quick Setting Cement, Low Alkali Ordinary Portland Cement and Clinker. The shares of the company are quoted on the Karachi Stock Exchange of Pakistan. The registered office of the company is located in Islamabad.

The symbol “BWCL” is being used by the stock exchanges for the shares of Bestway Cement Limited.