The profit after tax of Bestway Cement Limited has increased to Rs 11.880 billion in the year ended June 30, 2016 as compared to Rs 9.620 billion earned in previous year. The company's earning per share surged to Rs 20.16 in the period under review against Rs 16.56 in the same period in FY15.
The board of directors of the company in its meeting held here on Friday recommended a final cash dividend for the year at Rs 2.50 per share ie 25 percent. This is in addition to the interim dividend already paid at Rs 7.50 per share ie 75 percent. According to the financial results, the company's net turnover increased to Rs 45.721 billion in FY16 as compared to Rs 32.693 billion in FY15 while cost of sales surged to Rs 24.573 billion against Rs 19.900 billion. The company's profit before taxation increased to Rs 17.077 billion in this period against Rs 12.067 billion in the same period in FY15.
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