Financial results of Bestway Cement Limited for Year ended June 30, 2022

Karachi, Bestway Cement Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Islamabad on September 06, 2022.

The agenda of the meeting was discussion of profit and loss account for Year ended June 30, 2022 which portrayed a profit of Rs. 10,239,086 with earnings per share 17.17 basic and diluted respectively.

Further, 120% payment of cash dividend, bonus shares and right shares was agreed.

Furthermore, the share transfer books of the company will remain closed from October 01, 2022 to October 07, 2022 (both days inclusive).

Bestway Cement Limited is a Public Limited Company incorporated in Pakistan on December 22, 1993. The Company is principally engaged in the production and sale of Cement, as it is a part of the Cement & Concrete Product Manufacturing Industry.

The Company is a subsidiary of Bestway (Holdings) Limited, U.K, which holds 56.43% shares in the Company. Bestway (Holdings) Limited is a wholly owned subsidiary of Bestway Group Limited, U.K.

The Shares of the Company are quoted on Pakistan Stock Exchange and used the symbol “BWCL” for the shares of the Company in PSX.

The total number of shares the company has introduced are 596,252,783. The Earning per share is 0.08 in 2020 which was 16.93 in 2019. Their Profit after Taxation is 49,252,000 in 2020 which was 10,097,285,000 in 2019.