Tag: Loss

Hascol faces a huge loss of Rs. 13.87 billion in 2019

Hascol Petroleum faced a massive loss in terms of earnings in the year 2019. The company earned a profit of Rs 15 billion in the same period last year  faced a loss of Rs. 13.87 billion this year. The major reason for this decline was the shortage of working capital to obtain product which also lead to the decrease in company’s volume from 646,000 Metric Tons to 210,000.