BCL's profit after tax increases to Rs 3.060 billion

The profit after tax of Bestway Cement Limited has increased to Rs 3.060 billion in the year ended June 30, 2012 (FY12) as compared to Rs 179.230 million earned in the corresponding period in FY11. The board of directors of the company in its meeting held on September 29, 2012 at Islamabad declared that the company's earning 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 the company's net turnover increased to Rs 17.788 billion in FY12 against Rs 13.332 billion in FY11 while cost of sales increased to Rs 12.093 billion against Rs 10.418 billion. The company's profit before taxation increased to Rs 3.934 billion in FY12 as compared to Rs 424.137 million earned in the same period in FY11.