Bestway Cement Limited: Result Preview – By Alfa-Akseer Research

<ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">BWCL is scheduled to announce its 3QFY19 financial result on 24th April, 2019. We estimate BWCL to report 3QFY19 EPS of PKR 3.83, down 9% YoY. 9MFY19 EPS would likely clock in at PKR 15.37, up 5% YoY. The result is likely to accompany with an interim cash dividend of PKR 3.00/share taking 9MFY19 DPS to PKR 8.00.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">BWCL&rsquo;s 3QFY19 topline is projected to post 8% YoY decline due to a 22% YoY decline in cement dispatches during the period. The decline is cushioned by 17% YoY growth in North cement prices. 9MFY19 topline will likely to remain flat YoY.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Gross margi...