Byco Petroleum’s Net Profit Up 4.5X to Rs. 961 million

Karachi, February 23, 2021: Byco Petroleum Pakistan Limited (“Byco”), Pakistan’s largest petroleum refiner, today reported financial results for the six months ended 31 December 2020. The company’s gross revenues declined by 20percent due to fall in oil prices, to PKR 100.1 billion from PKR125.6 billion in the corresponding period last year, owing to Covid-19’s impact on…