BYCO reports losses of Rs 216.7 million for 1HFY19

Dec-18

Dec-17

% Change

Gross sales

 123,465,241

 81,032,855

52%

Sales tax, discount and others

 (23,365,885)

 (18,398,633)

27%

Net sales

 100,099,356

 62,634,222

60%

Cost of Sales

 (99,024,449)

 (58,308,419)

70%

Gross profit! (Loss)

 1,074,907

 4,325,803

-75%

Administrative expenses

 (430,532)

 (403,878)

7%

Selling and distribution expenses

 (227,662)

 (169,765)

34%

Other expenses

 (355,716)

 (620,268)

-43%

Other income

 609,753

 334,006

83%

 (404,157)

 (859,905)

-53%

Operating profit / (Loss)

 670,750

 3,466

Finance Costs

 (1,519,104)

 (1,334,494)

14%

(Loss) / Profit before taxation

 (848,354)

 2,131,404

-140%

Taxation

- Current

 (21,494)

 (239,470)

-91%

- Prior

 554,051

 -

- Deferred

 99,043

 -

 631,600

 (239,470)

(Loss) / Profit after taxation

 (216,754)

 1,891,934

(Loss)/ Earnings per share basic and diluted (Rupees)

 (0.04)

 0.35