Board Meeting other than Financial Result of Byco Petroleum Pakistan Limited

Karachi, Byco Petroleum Pakistan Limited informed Pakistan Stock Exchange that board of directors meeting of the company will be held on January 13, 2022 at Karachi to consider the agenda other than financial results.

Further, the company has declared the closed period from January 12, 2022 to January 13, 2022.

Byco Petroleum Pakistan Limited was incorporated in Pakistan as a public limited company on January 09, 1995. The Company currently operates two business segments namely Oil Refinery Business and Petroleum Marketing Business and logistics. Petroleum Marketing Business was formally launched in 2007. Byco has refining capacity of 155,000 barrels a day, converting crude oil into various saleable components including Liquefied Petroleum Gas, Light Naphtha, Heavy Naphtha, High Octane Blending Component, Motor Gasoline, Kerosene, Jet Fuels, High Speed Diesel and Furnace Oil.

The total number of shares the company has introduced are 5,329,884,706. The Earnings per share is (0.46) in 2020 which was (0.32) in 2019. The Company has a loss of 2,430,499,000 in 2020 compare to 1,683,700,000 in 2019.