October 20, 2022 (MLN): Bestway Cement Restricted (BWCL) has disclosed the consequences for the primary quarter ended September 2022 in which the corporate’s after-tax earnings swelled by way of 10.66% YoY to Rs3.31 billion as in comparison to Rs2.99bn earnings within the corresponding length of remaining 12 months.
Along the consequences, the corporate additionally introduced a money dividend for the primary quarter ended September 2022 on the charge of Rs4 in line with percentage which is 40%.
On the other hand, in 1QFY23, the earnings earlier than tax of the corporate climbed by way of 17.55% YoY to Rs4.80bn as in comparison to Rs4.08bn in the similar length remaining 12 months (SPLY).
BWCL’s income in line with percentage stand at Rs5.55 within the overview length as in comparison to Rs5.02 in 1QFY22.
The monetary commentary despatched to PSX additional printed that the topline of the corporate moved up by way of 21.17% YoY to Rs18.61bn in 1QFY23 in opposition to Rs15.36bn in SPLY, whilst the price of gross sales larger by way of 16.58% YoY. Resultantly, BWCL’s gross margin additionally moved up by way of 32.72% YoY right through the length.
As well as, the corporate paid Rs1.49bn when it comes to taxes and incurred a finance price of Rs896 million.
On the time of writing, the scrip of the corporate is being traded at Rs134.50, up by way of Rs2.28 or 1.72% DoD.
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