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Bestway Cement Limited’s financial results for the year ended June 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 Friday, September 30, 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.

Bestway Cement Limited Unconsolidated Profit and Loss Account For the Year Ended 30 June 2011

 

Note

2011

2010

Turnover – net 28 13,332,366,906 13,333,062,606
Cost of Sales 29 10,418,537,089  11,564,255,751
————— —————-
Gross Profit 2,913,829,817 1,768,806,855
Administrative expenses 30 157,092,809 123,548,579
Distribution cost 31 351,032,163 1,074,655,856
Finance Cost 32 2,489,299,031 2,223,124,658
Other Operating income 33 (507,731,792) (240,527,682)
————— —————-
2,489,692,211 3,180,801,411
————— —————-
Profit / (Loss) before taxation 424,137,606 (1,411,994,556)
Taxation 34  (244,907,381) 202,558,046
 ————— —————-
Profit / (Loss) for the year 179,230,225 (1,209,436,510)
 —————  —————-
 Restated
Earning / (Loss) per share – basic and diluted 37  0.57 3.95

 

The annexed notes from 1 to 40 form an integral part of these unconsolidated Financial Statements.

For more information, contact:
Kaleem Ashraf, ACA
Company Secretary
Bestway Cement Limited
Bestway Building, 19-A,
F-7 Markaz, Islamabad
Tel: +92-51-2654856
Fax: +92-51-2654865

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