Byco Petroleum declares after-tax net profit of Rs 534 million

ISLAMABAD: Byco Petroleum Pakistan Limited announced financial results for the half-year, ending 31^stDecember of its financial year 2015-16. The company posted net sales of Rs36.397 billion that resulted in an operating profit of Rs. 1.165 billion.

Byco Petroleum Pakistan Limited declared an after-tax net profit of Rs 534 million for the second quarter ending 31^stDecember, 2015.  Earnings Per Share (EPS) for this quarter was Rs. 0.55/- per share.

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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. Byco headquartered in Karachi.