Bestway Cement Pakistan, part of the Bestway Group of UK, reports increased sales and good progress on its new cement project in the Punjab.
During the nine months period ended March 31, 2005 (9M 2004-05) the company’s total despatches were recorded at 848,142t which included 204,267t of cement exported to Afghanistan, registering 15.2% increase in despatches as compared to same period last year.
Sales (net) in terms of value amounted to Rs 2.404 billion as compared to Rs 1.844 billion in the same period last year (SPLY) registering impressive growth of 30.4 per cent. The production performance of the company outpaced the industry’s capacity utilisation was 89 per cent. However the average growth of industry despatches was better by 20 per cent whereas company’s despatches increased by 15.2 per cent. Operating profit registered impressive growth of 43.4 per cent which was possible because of stable selling prices as well as growth in volumes.
The new project of the company a new cement plant of 6000 tpd capacity in Tehsil Chao Saidan Shah, District Chakwal Punjab continues to make a good progress as the civil works are underway in full swing.