Byco Petroleum posts massive profit

Oil selling company Byco Petroleum has posted its profit for the quarter that ended on 31 March 2018. As per details, it made a profit of PKR 1.13 billion, which is indeed a massive increase compared to the same period of preceding year. The company lost PKR 147.58 million in the said period. Moreover, if we see the profits for the nine months of Fiscal Year 2018, it earned PKR 3.41 billion.

It is important to mention here that their Earnings per share increased to PKR o.64 from a loss per share of Rs 0.02 in nine months of FY2018 compared to the nine months of FY2017. The Gross Profit of the company also rose to PKR 7.08 billion and sales for nine months FY2018 period is up by 70.74%.

Sazgar Engineering Works, Ghandhara Nissan and Pak Suzuki all have posted their figures and profits of all the companies have declined. So, Byco managing to post this massive profit is quite impressive.

Read Also: Ghandhara Nissan’s profit decline by 28 percent

Sazgar Engineering Works posted its profits for the quarter that ended on March 31st, 2018 and it made PKR 58 million in the said time. There is a 9 percent decline in the profits of the company if compared with the same period of the preceding year.

Moving onward, Atlas Honda has also posted an increase in its profit for the year that ended on 31st March 2018.  The company made a profit of PKR 4.66 billion up 24.27%.

Stay tuned to for more updates.

My name is M. Ali Laghari and I love to read and write about Cars.