Bestway Cement net profit rises, Pakistan

Bestway Cement Limited has posted PKR724.99m (US$274,8m) net profit in the half year period ended December 31, 2011 compared to after tax loss of PKR477.050m in the corresponding period in 2010.

Earnings per share stood at PKR1.25 under review against a loss of PKR1.46/share in the same period a year back.

Net turnover rose to PKR7.932bn in the half year period in 2011 against PKR5.681bn in the same period in 2010.??The company posted PKR1,095.687m pretax profit in the half year period against a loss of PKR559.651m in the same period in 2010.