The profit after tax of Balochistan Wheels Limited (BWL) has increased to Rs 94.997 million in the year ended June 30, 2011 (FY11), as compared to Rs 83.657 million earned in FY10. The company's earning per share increased to Rs 7.12 in the period under review against Rs 6.27 in the same period last year.
The board of directors of the company in its meeting held on Friday recommended final cash dividend for the year at Rs 2 per share ie 20 percent. According to the financial results sent to Karachi Stock Exchange, the company's sales increased to Rs 1.465 billion in FY11 against Rs 1.380 billion in FY10. The cost of sales increased to Rs 1.206 billion against Rs 1.113 billion. The company's profit before tax, however reduced to Rs 138.556 million in FY11, as compared to Rs 148.355 million earned in FY10.
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