Byco performs exceptionally as profits jump by 194%

News Image

MG News | October 25, 2018 at 06:06 PM GMT+05:00

0:00

October 25, 2018 (MLN): Byco Petroleum Pakistan Ltd. (BYCO) profits for the year ended 30th June 2018 demonstrated a remarkable increase of 194%, primarily due to a sizable increase in topline earnings of about 88%.

Even though, the company’s administrative expenses, selling and distributional cost and other expenses exhibited an increase of 5%, 20% and 20% respectively, the increase in topline earnings cancelled out most of the negative impact generated.

The Earnings per share of the company recorded an increase of around 200% from Rs0.27 per share to Rs0.81 per share.

 

Consolidated Profit and Loss Account for the Year Ended June 30th, 2018 ('000 Rupees)

 

Jun-18

Jun-17

% change

 

 

(Re-stated)

 

 

 

 

 

Turnover-net

         166,290,362

   88,420,362

88%

Cost of sales

        (158,056,974)

  (85,116,134)

86%

Gross profit

             8,233,388

     3,304,228

149%

Administrative expenses

               (841,288)

       (799,947)

5%

Selling and distribution expenses

               (389,929)

       (324,210)

20%

Other income

             1,660,086

     1,616,079

3%

Other expenses

            (1,331,337)

    (1,109,099)

20%

 

               (902,468)

       (617,177)

46%

Operating profit

             7,330,920

     2,687,051

173%

Finance costs

            (2,878,071)

    (2,284,632)

26%

Profit before taxation

             4,452,849

        402,419

1007%

Taxation

               (151,781)

     1,059,591

 

Profit after taxation

             4,301,068

     1,462,010

194%

Earnings per share - basic and diluted (Rupees) - Re-stated

                      0.81

              0.27

200%

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 153,866.17
113.04M
-0.36%
-555.27
ALLSHR 92,322.41
289.91M
-0.18%
-165.37
KSE30 47,054.02
67.50M
-0.57%
-268.71
KMI30 220,139.18
52.42M
-0.81%
-1787.82
KMIALLSHR 59,630.44
114.87M
-0.43%
-258.98
BKTi 44,089.65
23.49M
-0.09%
-38.05
OGTi 31,668.31
6.28M
-0.15%
-47.11
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 71,495.00 74,210.00
70,200.00
850.00
1.20%
BRENT CRUDE 103.89 103.95
97.60
3.43
3.41%
RICHARDS BAY COAL MONTHLY 99.40 0.00
0.00
-12.90
-11.49%
ROTTERDAM COAL MONTHLY 122.70 123.80
122.70
-1.10
-0.89%
USD RBD PALM OLEIN 1,083.50 1,083.50
1,083.50
0.00
0.00%
CRUDE OIL - WTI 99.31 99.32
92.04
3.58
3.74%
SUGAR #11 WORLD 14.41 14.53
14.30
0.03
0.21%

Chart of the Day


Latest News
March 14, 2026 at 05:56 PM GMT+05:00

Key Pakistan Market Stats and Economic Indicators


March 14, 2026 at 05:13 PM GMT+05:00

Pakistan breaks the shackles of foreign fuel dependency


March 14, 2026 at 03:54 PM GMT+05:00

SECP triples Sahulat Account limit to Rs3m


March 13, 2026 at 11:06 PM GMT+05:00

Arif Habib, Power Cement to join KSE-100 from April 1



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg