Bestway Cement earns higher profit in 1HFY19 

Bestway Cement Ltd (BCL) has announced its financial results for the half year ended 31 December 2018. BCL declared earnings of net profit of PKR6.88bn (US$49.7), increased by 11.07 per cent YoY, as compared to PKR 6.19bn earned in the same period last year.
 
Muhammad Irfan Anwar Sheikh, Bestway Cement's director and CFO, has informed the Pakistan Stock Exchange (PSX) that net sales of BCL during the 1HFY18-19 increased to PKR40.34bn from PKR38.44bn during this period.
 
It incurred a higher distribution cost of PKR793m against PKR710m in the same period last year. However, the administrative expenses decreased to PKR400m compared to PKR 1.15bn incurred in the same period last year.