Bestway Cement : Financial Results for the Quarter Ended March 31, 2022

Bestway Cement Limited

Condensed Interim Statement of Profit or Loss (Un-audited)

For the nine month period ended 31 March 2022

Nine month period endedThree month period ended

31 March	31 March	31 March	31 March
2022	2021	2022	2021

---------------------- (Rupees '000) ----------------------

Gross turnover	73,891,183	63,220,973	25,459,473	22,526,921
Less: rebates and discounts	(2,236,468)	(2,242,684)	(745,546)	(717,034)
Less: sales tax and excise duty	(20,334,078)	(19,060,160)	(6,846,573)	(6,546,765)
Net turnover	51,320,637	41,918,129	17,867,354	15,263,122
Cost of sales	(35,176,858)	(30,002,074)	(12,171,959)	(10,342,805)
Gross profit	16,143,779	11,916,055	5,695,395	4,920,317
Selling and distribution expenses	(748,975)	(485,704)	(218,131)	(150,716)
Administrative expenses	(1,137,159)	(434,309)	(512,420)	(156,252)
Other (loss) / income	(56,028)	109,310	52,957	49,338
Other expenses	(936,032)	(679,309)	(325,343)	(301,095)
Operating profit	13,265,585	10,426,043	4,692,458	4,361,592
Finance cost	(751,940)	(811,430)	(254,130)	(236,742)
Share of profit of equity-accounted investees, net of tax	1,908,740	1,351,284	724,479	587,364
Profit before tax	14,422,385	10,965,897	5,162,807	4,712,214
Income tax	(4,061,196)	(2,693,575)	(1,364,875)	(1,117,682)
Profit for the period	10,361,189	8,272,322	3,797,932	3,594,532
Earnings per share - basic and diluted (Rupees)	17.38	13.87	6.37	6.03

The annexed notes 1 to 13 form an integral part of these condensed interim financial statements.

CHIEF FINANCIAL OFFICER

DIRECTOR