Byco reported loss per share (LPS) of Rs0.04 in Jul-Dec 2018 compared to earnings per share (EPS) of Rs0.35 in the corresponding period of previous year. Cost of sales surged 5.83 percentage points to 98.92% (Rs99.02 billion) of total sales compared to 93.09% (Rs58.30 billion). Finance costs increased 14% to Rs1.52 billion compared to Rs1.33 billion last year. Administrative expenses rose to Rs430.53 million compared to Rs403.88 million earlier, while selling and distribution expenses swelled to Rs227.66 million compared to Rs169.77 million last year. On the flip side, other income increased 83% to Rs609.75 million in Jul-Dec 2018 compared to Rs334 million in the corresponding period of last year.

Source: The Express Tribune February 26, 2019 05:13 UTC