Bestway Cement Limited has posted Rs 724.991 million as profit after tax in the half year period ended December 31, 2011 as compared to after tax loss of Rs 477.050 million in the corresponding period in 2010. The board of directors of the company in its meeting on February 28, declared that the company's earning per share stood at Rs 1.25 in the period under review against per share loss of Rs 1.46 in the same period a year back.
According to the financial results sent to Karachi Stock Exchange, the company's net turnover increased to Rs 7.932 billion in the half year period in 2011 against Rs 5.681 billion in the same period in 2010. The cost of sales increased to Rs 5.667 billion against Rs 4.834 billion.
The company posted Rs 1,095.687 million as profit before taxation in the half year period in 2011 against loss before taxation of Rs 559.651 million in the same period in 2010. On quarterly basis, the company posted Rs 448.033 million as profit tax translating earning per share of Re 0.77 in the quarter ended December 31, 2011 as compared to after tax loss of Rs 291.185 million with per share loss of Re 0.89 in the same quarter in 2010.
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