bycoBYCO Sold its isomerisation Plant. One Time EPS impact is 13.65 : Said Official

BYCO Petroleum EOGM held on 16 June and decided to sell its isomerisation plant which value on there at 3270mn and they sold it at 16931mn , resulting in a capital gain of PKR 13662, As per our discussion with company official the estimated capital gain will be realized through profit and Loss account that will result in an EPS impact of 13.97 in FY1. The current transaction will improve book value of company to PKR 7.7. However the transaction will not have any cash flow impact as company has decided to purchase 1693.15042 mn shares of BIPPL against the sale of isomerisation plant.

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