Byco performs exceptionally as profits jump by 194%

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

(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%