Express ☺ your view, expression on this post, via Facebook comment in the below box… (do not forget to tick Also post on facebook option)

November 29, 2018

Byco Petroleum Reports Gross Profit of Rs 1.7 Billion For 1Q18, Despite Challenging Environment

Byco Petroleum Reports Gross Profit of Rs 1.7 Billion For 1Q18, Despite Challenging Environment

• Increase in international oil prices and Pakistani rupee’s depreciation pushed quarterly profit lower to Rs 0.07 per share.

• The Isomerisation unit was successfully placed into service in the current quarter and is contributing positively to the company’s profitability. 

Karachi: Pakistan’s leading Oil Refining Company, Byco Petroleum Pakistan Ltd. (BPPL) today announced results for its first quarter ended September 30, 2018. The company’s gross sales increased by 61% to Rs 66.4 billion from Rs 41.4 billion in the same quarter last year. The net turnover increased by 71% to Rs 53.7 billion from Rs 31.4 billion a year earlier. However, this growth was largely driven by higher crude oil prices and an increase in the value of the U.S. dollar against the Pakistani rupee. 

Byco Petroleum generated a gross profit of Rs 1.7 billion in the first quarter of 2018, down from a profit of Rs 2.3 billion in the first quarter of 2017. The operating profit was Rs 1.3 billion as compared to Rs 1.9 billion in the year-ago quarter. The net profit for the second quarter was Rs 397 million, or Rs 0.07 per share, down from a profit of Rs 1.2 billion, or Rs 0.23 per share, in the corresponding period last year. The dip in earnings was due to the tough market conditions in Pakistan’s oil refining sector witnessed in the first quarter. The 4% increase in the international crude oil prices and 6% decline in the value of the Pakistani rupee had a negative impact on Byco Petroleum’s gross refining margins (GRMs) and profits. Furthermore, the consumption of High Speed Diesel (HSD) also remained considerably weak in August 2018 which pushed the company’s throughput volumes lower. 

Byco Petroleum is optimistic about the company’s future, particularly as the Isomerisation unit has been placed into service. The operations of the Isomerisation unit, which converts Naphtha into Premium Motor Gasoline, commenced in the current quarter by Byco Isomerisation Pakistan (Private) Limited, which is a wholly owned subsidiary of BPPL. The successful commissioning of the Isomerisation unit will have a positive impact on Byco’s refining margins. 

Although Byco Petroleum is not immune to the industry-wide challenges, the company has much more to accomplish and is confident in its ability to create value for its shareholders, customers, and all other stakeholders. 



Thanks for visiting our website. Like our FB pages and subscribe for daily updates; you can comment on the above post bellow ↓with your Google id or Facebook id – Thank you for your time..☺


Follow us on social media to get instent updates....

|Twitter| |Facebook| |Pinterst| ||

Send your news/prs to us at

Note: The views, comments and opinions expressed on this news story/article do not necessarily reflect the official policy or position of the management of the website. Companies, Political Parties, NGOs can send their PRs to us at

‎لطیفے اور شاعری‎
Facebook group · 8,142 members
Join Group
یہ گروپ آپ سب کے لئے ہے۔ پوسٹ کیجئے اور بحث کیجئے۔۔۔۔۔ اپنی آواز دوسروں تک پہنچائے۔۔۔اور ہاں گروپ کو بڑا کرنے کے لئے اپنے دوستوں کو بھی گروپ میں دعو...

All Categories

Aaj Kamran Khan ke Saath Aamir Liaquat Hussain Aapas ki Bat NajamSethi Abdul Qadir Hassan AchiBaatain Afghanistan Aga Khan University Hospital AirLineJobs Allama Iqbal America Amjad Islam Amjad Anjum Niaz Ansar Abbasi APP Aqwal Zareen Articles Ayat-e-Qurani Ayaz Amir Balochistan Balochistan Jobs Bank of Khyber Banking Best Quotes Biwi Jokes Blogger Tips Chaltay Chaltay by Shaheen Sehbai China Chitral Coca-Cola Coke Studio Columns CookingVideos Corporate News Corruption Crimes Dr Danish ARY Sawal Yeh Hai Dubai E-Books EBM Education Educational Jobs Emirates English #Quotes English Columns EnglishJokes Funny Photos Funny Talk Shows Funny Videos Gilgit-Baltistan Girls Videos Govt Jobs HabibJalibPoetry Hamid Mir Haroon Al-Rashid Hasb-e-Haal with Sohail Ahmed Hassan Nisar Hassan Nisar Meray Mutabaq Hazrat Ali AS Sayings HBL Health HikayatShaikhSaadi Hospital_Jobs Huawei Hum Sab Umeed Say Hain India Information Technology Insurance International News Islam Islamabad Islamic Videos JammuKashmir Javed Chaudhry Jazz Jirga with Salim Safi Jobs Jobs Available Jobs in Karachi Jobs in KPK Jobs in Pak Army Jobs_Sindh JobsInIslamabad Jokes Jubilee Insurance Kal Tak with Javed Chaudhry Karachi Kashmir KhabarNaak On Geo News Khanum Memorial Cancer Hospital Khara Sach With Mubashir Lucman Khyber Pakhtunkhwa Lahore Latest MobilePhones Lenovo LG Life Changing Stories LifeStyle Live With Dr. Shahid Masood Live with Talat Hussain Maulana Tariq Jameel MCB Bank Microsoft Mobilink Mujeed ur Rahman Shami Munir Ahmed Baloch Nasir Kazmi Nazir Naji News News Videos NGO Nokia North Korea Nusrat Javed Off The Record (Kashif Abbasi) Off The Record With Kashif Abbasi On The Front Kamran Shahid OPPO Orya Maqbool Jan Pakistan Pakistan Army Pakistan Super League Pashto Song Photos Poetry Political Videos Press Release Prime Time with Rana Mubashir PTCL Punjab Quetta Quotes Rauf Klasra Samsung Sar-e-Aam By Iqrar-ul-Hasan Sardar Jokes Saudi Arabia ShiroShairi Show Biz Sikander Hameed Lodhi Sindh Social Media Sohail Warriach Songs Sports News Stories Syria Takrar Express News Talat Hussain Talk Shows Technology Telecommunication Telenor To the point with Shahzeb Khanzada Tonight with Moeed Pirzada Turkey Tweets of the day Ufone University Jobs Urdu Ghazals Urdu News Urdu Poetry UrduLateefay Video Songs Videos ViVO Wardat SamaaTV WaridTel Wasi Shah Zong اردو خبریں
______________ ☺ _____________ _______________ ♥ ____________________