Byco posts profit of Rs 1.165b

The Pak Banker - - COMPANIES/BOSS - Staff Reporter

Byco Pe­tro­leum Pak­istan Lim­ited an­nounced fi­nan­cial re­sults for the half-year, end­ing 31stDe­cem­ber of its fi­nan­cial year 2015-16. The Com­pany posted Net Sales of Rs36.397 bil­lion that re­sulted in an op­er­at­ing profit of Rs1.165 bil­lion. Byco Pe­tro­leum Pak­istan Lim­ited de­clared an af­ter-tax net profit of Rs. 534 Mil­lion for the se­cond quar­ter end­ing 31stDe­cem­ber, 2015. Earn­ings Per Share (EPS) for this quar­ter was Rs. 0.55/- per share.

Dur­ing this time pe­riod crude oil and prod­uct prices fell on an av­er­age by 40%.

It is worth men­tion­ing that Byco Pe­tro­leum Pak­istan Lim­ited is now a mem­ber of the Top 30 In­dex at the Pak­istan Stock Ex­change. This is in ad­di­tion to the Com­pany be­ing added to the MSCI Global Equity In­dex. In­deed Byco is well placed on its well-de­fined path to suc­cess.

The Pe­tro­leum Mar­ket­ing Busi­ness of Byco Pe­tro­leum Pak­istan Lim­ited con­tin­ued to ex­pand its op­er­a­tions and cur­rently has more than 260 retail out­lets in all provinces of Pak­istan.

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