Bestway Cement's full year profit increases, Pakistan

Pakistan-based cement producer Bestway Cement announced that its profit after tax increased to PKR3.06bn in the year ended 30 June 2012 (FY12) compared to PKR179.230m in the corresponding period in FY11, according to reports in the Business Standard.

Earnings per share has increased to Rs 5.29 in the period under review against Re 0.57 in the same period last year.

According to the financial results sent to Karachi Stock Exchange on Monday turnover increased to PKR17.788bn in FY12 against PKR13.332bn in FY11 while cost of sales increased to PKR12.093bn against PKR10.418bn. Pre-tax profit rose to PKR3.934bn in FY12 compared to PKR424.137m earned in the same period in FY11.