BYCO incurs losses worth Rs 2.2 billion

11:37
September 24, 2019
MG

September 24, 2019 (MLN): BYCO Petroleum has announced its consolidated financial results for the year ended June 30^th 2019, as per which, it has incurred losses worth Rs. 2.2 billion (LPS: Rs.0.43), as compared to the profits earned in last year.

During the period, the company’s net revenues were up by 18.97%, but more than proportionate increase in the cost of sales made the gross profits decline by 85%.

However, the company’s other expenses declined by around 44.22%, from Rs.1.3 billion to Rs.742 million, YoY, whereas other income lessened the impact of it by an increase of 38.71%. More notably, the company got tax incentive of Rs.705 million in the aforementioned period.

Consolidated Profit and Loss Account for the year ended June 30, 2019 ('000 Rupees)
	Jun-19	Jun-18	% Change
Turnover – net	197,830,720	166,290,362	18.97%
Cost of sales	(196,627,252)	(158,050,618)	24.41%
Gross profit	1,203,468	8,239,744	-85.39%
Administrative expenses	(908,501)	(832,208)	9.17%
Selling and distribution expenses	(497,889)	(405,365)	22.82%
Other expenses	(742,615)	(1,331,337)	-44.22%
Other income	1,017,536	1,660,086	-38.71%
	(1,131,469)	(908,824)	24.50%
Operating profit	71,999	7,330,920	-99.02%
Finance cost	(3,069,557)	(2,878,071)	6.65%
Profit before taxation	(2,997,558)	4,452,849
Taxation	705,936	(151,781)
Profit after taxation	(2,291,622)	4,301,068
Earnings per share – basic and diluted (rupees)	(0.43)	0.81

Copyright Mettis Link News

Posted on: 2019-09-24T16:37:00+05:00

30136

FOREX

EQUITY

COMMODITIES

FOREX

PairID	Symbol	Bid	Ask	High	Low	Update
1	PKR	278.30000	278.50000	278.50000	278.30000	03:02 PM
2	EUR	1.06645	1.06650	1.06650	1.06645	09:21 AM
3	GBP	1.23877	1.23887	1.23887	1.23877	09:21 AM
4	CHF	0.91189	0.91194	0.91194	0.91189	09:21 AM
5	JPY	154.84700	154.85600	154.85600	154.84700	09:21 AM
6	CAD	1.36998	1.37002	1.37002	1.36998	09:21 AM
7	AUD	0.64535	0.64541	0.64541	0.64535	09:21 AM
8	INR	83.33280	83.33330	83.33330	83.33280	09:21 AM
9	SAR	3.75060	3.75090	3.75090	3.75060	06:21 PM
10	AED	3.67230	3.67330	3.67330	3.67230	06:21 PM
11	HKD	7.83598	7.83623	7.83623	7.83598	09:21 AM
12	CNH	7.26572	7.26587	7.26587	7.26572	09:21 AM
13	CNY	7.24300	7.24400	7.24400	7.24300	11:17 PM
14	THB	36.99900	37.03800	37.03800	36.99900	09:21 AM
15	MYR	4.77750	4.78250	4.78250	4.77750	05:42 AM
16	IDR	16,202.40000	16,205.90000	16,205.90000	16,202.40000	09:21 AM
17	SGD	1.36369	1.36379	1.36379	1.36369	09:21 AM
18	NZD	0.59140	0.59145	0.59145	0.59140	09:21 AM
19	MXN	17.11770	17.12270	17.12265	17.11765	09:21 AM
20	TRY	32.58630	32.59630	32.59630	32.58630	09:21 AM
21	SEK	10.88210	10.88370	10.88371	10.88212	09:21 AM
22	ZAR	19.20930	19.21410	19.21410	19.20930	09:21 AM
23	NOK	11.00820	11.01040	11.01038	11.00815	09:21 AM
24	DKK	6.99528	6.99572	6.99572	6.99528	09:21 AM
25	ARS	872.73800	872.74600	872.74600	872.73756	09:21 AM
26	BDT	107.93300	111.30800	111.30797	107.93329	07:19 AM
27	BHD	0.37698	0.37705	0.37705	0.37698	06:21 PM
28	BRL	5.18430	5.18730	5.18730	5.18430	09:21 AM
29	KRW	1,377.46000	1,379.46000	1,379.46000	1,377.46000	09:21 AM
30	KWD	0.30798	0.30837	0.30837	0.30798	06:21 PM
31	LKR	296.61500	303.17700	303.17688	296.61502	07:19 AM
32	OMR	0.38499	0.38503	0.38503	0.38499	06:21 PM
33	QAR	3.64600	3.64900	3.64900	3.64600	06:21 PM
34	RUB	93.02000	93.04000	93.04000	93.02000	08:00 PM
35	AFN	71.19560	73.07040	73.07036	71.19556	07:19 AM
36	AZN	1.70000	1.70000	1.70000	1.70000	06:38 AM
37	TMT	3.35000	3.65000	3.65000	3.35000	08:00 PM
38	MVR	15.26000	15.66000	15.66000	15.26000	08:00 PM
39	UZS	12,663.50000	12,729.10000	12,729.07937	12,663.46073	07:19 AM
40	PHP	57.51100	57.52800	57.52800	57.51100	09:21 AM
42	NGN	1,233.95000	1,234.95000	1,234.95000	1,233.95000	07:19 AM
43	KES	133.50000	135.50000	135.50000	133.50000	08:41 AM
44	AMD	390.04000	390.04000	390.04000	390.04000	07:57 AM
45	TWD	32.57780	32.60780	32.60780	32.57780	09:21 AM
46	XAU	2,314.19000	2,314.58000	2,314.58000	2,314.19000	09:21 AM
47	XAG	27.06220	27.07080	27.07080	27.06220	09:21 AM
48	XPT	909.30000	910.80000	910.80000	909.30000	06:21 PM
49	XPD	1,001.84000	1,011.84000	1,011.84000	1,001.84000	06:21 PM
2,120	VES	36.26120	36.34220	36.34216	36.26125	08:00 PM
2,212	UGX	3,769.29000	3,853.65000	3,853.65305	3,769.28701	07:19 AM
2,213	TZS	2,594.99000	2,595.01000	2,595.01500	2,594.98500	07:16 AM

Data is delayed by 20 minutes

EQUITY

Name	High	Current	Low	Change	% Change	Volume	Value	DateTime
KSE100	71,846.64	71,359.405	71,338.43	-74.056	-0.104	383,445,458.0	14,889,881,592.600	23/04/2024 04:13 PM
ALLSHR	47,130.64	46,865.873	46,836.87	-98.781	-0.210	652,962,508.0	24,431,501,771.190	23/04/2024 04:13 PM
KSE30	23,685.35	23,566.856	23,534.69	0.501	0.002	105,787,553.0	9,001,534,258.600	23/04/2024 04:13 PM
KMI30	120,645.96	119,675.932	119,552.66	77.916	0.065	170,342,506.0	8,837,506,407.860	23/04/2024 04:13 PM
KMIALLSHR	33,523.95	33,318.567	33,318.59	-47.008	-0.141	508,418,986.0	19,702,328,669.270	23/04/2024 04:13 PM
BKTi	17,962.81	17,852.482	17,760.93	-63.214	-0.353	24,348,778.0	2,523,701,350.410	23/04/2024 04:13 PM
OGTi	17,099.54	16,869.074	16,809.71	-50.514	-0.299	6,409,607.0	961,700,948.010	23/04/2024 04:13 PM

Data is delayed by 20 minutes

COMMODITIES

Name	Symbol	Last	High	Low	Change
BITCOIN FUTURES	BTC	66,170.0	67,340.0	65,795.0	-440.00
BRENT CRUDE	EB	86.3	88.2	86.0	-0.75
RICHARDS BAY COAL MONTHLY	EF	105.5	0.0	0.0	-3.00
ROTTERDAM COAL MONTHLY	ET	120.0	0.0	0.0	1.35
USD RBD PALM OLEIN	POL	832.5	832.5	832.5	0.00
CRUDE OIL – WTI	QCL	81.2	83.0	80.9	-0.75
SUGAR #11 WORLD	SB	19.7	19.8	19.6	0.07

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