Bestway Cement Ltd (BWCL) reported its financial results for the 3QFY24-25 (January-March) and the 9MFY24-25 (July-March 2025) on the Pakistan Stock Exchange (PSX) website on 16 April 2025. The company’s net earnings reached PKR17.54bn (US$62.3m) in the 9MFY24-25, marking a 70.13 per cent increase compared to the previous year. This profit growth was attributed to higher sales and gross profits during the period, a significant rise in other income and a reduction in finance costs. In the 9MFY24-25 Bestway Cement’s gross sales increased by 14 per cent YoY, climbing to PKR127.82bn from PKR112.11bn. The company incurred distribution costs of PKR1.25bn, up from PKR992m, and administrative expenses rose to PKR1.41bn, compared to PKR1.06bn in 9MFY23-24.

Bestway Cement Ltd was incorporated as a public limited company in Pakistan on 22 December 1993, under the Companies Ordinance, 1984. It is a Bestway International Holdings Ltd (BIHL) subsidiary holding 56.43 per cent of its shares. Bestway International Holdings Ltd is wholly owned by Bestway Group Ltd (BGL), the ultimate parent company, which is also incorporated in Guernsey.

By Abdul Rab Siddiqi, Pakistan