Pakistan: Bestway Cement recorded a net turnover of US$84.1m in the first quarter of its 2023 financial year, up by 21% year-on-year from US$69.4m in the first quarter of the 2022 financial year. The producer's cost of sales also rose, by 13% year-on-year to US$55m from US$48.6m. Despite this challenge, it increased its profit for the period by 11% to US$15m from US$13.5m in the first quarter of the 2022 financial year.
Bestway Cement's turnover growth offsets increased costs to raise profit in first quarter of 2023 financial year
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