Financial results of Pakcem Limited for period ended March 31, 2016

Karachi, Pakcem 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. 1,510,321,280 and Rs. 553,322,682 with earnings per share 1.04 and 0.38 basic and diluted respectively.

Further, nil payment of cash dividend, bonus shares and right shares was agreed.

Pakcem Limited (formerly Lafarge Pakistan) is a subsidiary of Bestway Cement Limited (part of Bestway Group UK), the largest cement manufacturer in Pakistan. The company’s principal activity is manufacturing and sale of cement, and its product portfolio includes Ordinary Portland Cement (PAKCEM), high quality cement (Stallion) and tile bond (Xtreme Bond). Our state-of-the-art plant is located at Kallar Kahar, District Chakwal in the province of Punjab with an annual cement production capacity of 2.4 million tonnes. Together with Pakcem, Bestway Cement boasts a total capacity of more than 8 million tonnes, representing 18% of the entire industry’s capacity in the country.

The symbol “PAKCEM” is being used by the stock exchanges for the shares Pakcem Limited.