Bestway Cement Ltd announced its 1HFY24-25 (July-December 2024) results on the Pakistan Stock Exchange (PSX) website on 19 February 2025. The company’s net earnings were PKR11.46bn (US$41m) compared to PKR6.783bn, representing an increase of 69.1 per cent YoY. The company account shows that higher sales and lower selling costs contributed to higher income during the period.
Gross sales increased by 11.5 per cent to PKR85.62bn in the 1HFY24-25 from PKR76.81bn in the 1HFY23-24. The company incurred a rising distribution cost of PKR812m compared to PKR609m and administrative expenses of PKR914m compared to PKR757m over the same period. However, due to falling interest rates, finance costs fell to PKR4.59bn from PKR5.6bn. Other income slightly rose to PKR718m during the accounting period.
Meanwhile, last month, Bestway Cement Ltd announced its achievement of ISO 14064-1:2018 certification for Greenhouse Gas (GHG) Emissions from TUV Austria Bureau of Inspection and Certification (BIC) in Pakistan. Following a rigorous evaluation process, this certification covers all five of our production facilities at Chakwal, Kallar Kahar, Mianwali, Hattar, and Farooqia. Bestway Cement has set a benchmark for sustainable development by verifying its Scope 1 and 2 GHG emission inventories. This milestone underscores our unwavering commitment to environmental stewardship and reinforces our leadership in sustainability within Pakistan's cement industry.
by Abdul Rab Siddiqi, Pakistan
