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Best Way Cement Limited’s financial results for the quarter ended September 30, 2011

Karachi: We have to inform you that the Board of Directors of our Company in their meeting held at 11:30 A.M. on Monday, October 31, 2011, at Bestway Building, 19-A, College Road, F-7 Markaz, Islamabad, approved the Accounts for the above period Copy of the financial results of the Company is enclosed.

Condensed Unconsolidated Interim Profit and Loss Account – Unaudited for the Profit Ended 30 September 2011

 

Quarter ended 30 September

2011

2010

Rupees

Rupees

Turnover- net  3,696,232,544 2,563,215,411
Cost of sales 2,771,212,731  2,208,892,841
 ————- ————-
Gross profit 925,019,513 354,322,569
Administrative expenses  38,947,028 33,704,522
Distribution cost 51,838,218 95,270,385
Finance cost 564,497,480 612,067,415
Other income (148,065,508) (100,184,642)
  ————-  ————-
 507,217,217  643,857,680
 ————- ————-
Provision/ (loss) before taxation 417,802,595  (289,535,111)
 ————-  ————-
Taxation- Current 52,634,690 15,235,175
– Deferred 88,210,042  (118,905,544)
 ————-  ————-
140,844,863  (103,670,368)
Profit/ (loss) for the period 276,957,863  (185,864,743)
————-  ————-
Earnings/ (loss) per share (basic and diluted)  0.48  (0.57)

 

The annexed notes from 1 to 9 form an Integral part of these condensed unconsolidated interim financial information.

For more information, contact:
Bestway Cement Limited
College Road, F-7, Markaz,
Islamabad, 44000 Pakistan
Tel: +92-51-2654856
Fax: +92-51-2654865
Web: www.bestway.com.pk

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