Earning Review: Systems Ltd observes remarkable growth in PAT

05:55
August 27, 2019
MG

August 27, 2019 (MLN): Systems Limited (SYS) observed a remarkable increase in its half yearly net profits after tax by 93% YoY to Rs 878 million with Earning per share reported at Rs 7.61.

As company derives most of the revenues from exports and due to rupee depreciation against green back, its net revenues rose by 53.6% during the period.

Moreover, the company observed 81% increase in its other income due to gain on foreign currency translation as rupee saw depreciation during the period under review.

Among other major heads, company’s distribution cost, administrative cost and other operating expenses surged by 46.5%, 38% and 45% respectively. In addition, finance cost mounted considerably by 144% owing to rise in interest rates.

Consolidated Condensed Interim Profit and Loss account for half Year ended June 30th 2019 (Rupees)
	Jun-19	Jun-18	% Change
Revenue – net	3,580,778,430	2,331,108,188	53.61%
Cost of sales	2,477,916,571	1,679,069,483	47.58%
Gross profit	1,102,861,859	652,038,705	69.14%
Distribution cost	95,484,319	65,146,617	46.57%
Administrative expenses	321,590,760	232,527,168	38.30%
Other operating expenses	67,008,726	46,162,700	45.16%
Other income	294,009,653	162,471,614	80.96%
Operating profit	912,787,707	470,673,834	93.93%
Finance cost	19,791,671	8,087,125	144.73%
Profit before taxation	892,996,036	462,586,709	93.04%
Taxation	14,809,628	9,541,840	55.21%
Profit after taxation	878,186,408	453,044,869	93.84%
Earnings per share – basic	7.61	4.11	85.16%

Copyright Mettis Link News

Posted on: 2019-08-27T10:55:00+05:00

29615

FOREX

EQUITY

COMMODITIES

FOREX

PairID	Symbol	Bid	Ask	High	Low	Update
1	PKR	278.28000	278.53000	278.53000	278.28000	10:43 AM
2	EUR	1.07260	1.07263	1.07263	1.07260	01:45 AM
3	GBP	1.25051	1.25060	1.25060	1.25051	01:45 AM
4	CHF	0.91321	0.91329	0.91329	0.91321	01:45 AM
5	JPY	156.13300	156.14300	156.14300	156.13300	01:45 AM
6	CAD	1.36492	1.36499	1.36499	1.36492	01:45 AM
7	AUD	0.65363	0.65370	0.65370	0.65363	01:45 AM
8	INR	83.32670	83.32830	83.32830	83.32670	01:44 AM
9	SAR	3.75040	3.75070	3.75070	3.75040	10:45 AM
10	AED	3.67290	3.67310	3.67310	3.67290	10:45 AM
11	HKD	7.82926	7.82951	7.82951	7.82926	01:45 AM
12	CNH	7.25919	7.25931	7.25931	7.25919	01:45 AM
13	CNY	7.23930	7.24050	7.24050	7.23930	11:15 PM
14	THB	37.01000	37.03000	37.03000	37.01000	01:45 AM
15	MYR	4.77350	4.77850	4.77850	4.77350	12:06 AM
16	IDR	16,221.90000	16,225.70000	16,225.70000	16,221.90000	01:44 AM
17	SGD	1.36059	1.36066	1.36066	1.36059	01:45 AM
18	NZD	0.59609	0.59613	0.59613	0.59609	01:45 AM
19	MXN	17.19050	17.19550	17.19549	17.19049	01:45 AM
20	TRY	32.56080	32.58270	32.58270	32.56084	01:45 AM
21	SEK	10.87810	10.88800	10.88801	10.87808	01:45 AM
22	ZAR	19.00170	19.03650	19.03650	19.00170	01:45 AM
23	NOK	10.96020	10.96790	10.96789	10.96017	01:45 AM
24	DKK	6.95228	6.95307	6.95307	6.95228	01:45 AM
25	ARS	873.73400	873.74200	873.74199	873.73360	01:45 AM
26	BDT	108.04100	111.39600	111.39646	108.04059	09:00 PM
27	BHD	0.37700	0.37705	0.37705	0.37700	10:45 AM
28	BRL	5.15860	5.16160	5.16160	5.15860	01:44 AM
29	KRW	1,376.63000	1,376.73000	1,376.73000	1,376.63000	01:45 AM
30	KWD	0.30762	0.30807	0.30807	0.30762	10:44 AM
31	LKR	293.66700	300.19200	300.19250	293.66718	09:00 PM
32	OMR	0.38498	0.38505	0.38505	0.38498	10:44 AM
33	QAR	3.64600	3.64900	3.64900	3.64600	10:44 AM
34	RUB	92.27000	92.29000	92.29000	92.27000	08:00 PM
35	AFN	71.18150	73.04590	73.04591	71.18154	09:00 PM
36	AZN	1.70000	1.70000	1.70000	1.70000	06:20 AM
37	TMT	3.35000	3.65000	3.65000	3.35000	08:00 PM
38	MVR	15.26000	15.66000	15.66000	15.26000	08:00 PM
39	UZS	12,654.50000	12,719.70000	12,719.70506	12,654.45190	09:00 PM
40	PHP	57.83700	57.86400	57.86400	57.83700	01:45 AM
42	NGN	1,279.52000	1,280.52000	1,280.52000	1,279.52000	08:24 PM
43	KES	134.00000	136.00000	136.00000	134.00000	08:24 PM
44	AMD	361.96900	417.90000	417.89987	361.96859	09:00 PM
45	TWD	32.56800	32.59800	32.59800	32.56800	01:45 AM
46	XAU	2,334.24000	2,334.53000	2,334.53000	2,334.24000	01:44 AM
47	XAG	27.52120	27.52940	27.52940	27.52120	01:44 AM
48	XPT	922.00000	924.40000	924.05000	922.00000	10:44 AM
49	XPD	988.00000	996.00000	994.92670	989.28000	10:44 AM
2,120	VES	36.33200	36.42320	36.42315	36.33204	08:00 PM
2,212	UGX	3,766.97000	3,850.87000	3,850.86857	3,766.97165	09:00 PM
2,213	TZS	2,589.99000	2,590.01000	2,590.01500	2,589.98500	08:24 PM

Data is delayed by 20 minutes

EQUITY

Name	High	Current	Low	Change	% Change	Volume	Value	Direction	DateTime
KSE100	72,190.21	72,090.293	71,764.18	118.892	0.165	100,456,553.0	3,723,847,285.340	-1	26/04/2024 11:00 AM
ALLSHR	47,284.66	47,258.744	47,040.09	83.790	0.178	179,838,696.0	6,980,781,370.840	-1	26/04/2024 11:00 AM
KSE30	23,844.31	23,799.355	23,676.59	50.310	0.212	16,298,042.0	1,839,059,206.770	-1	26/04/2024 11:00 AM
KMI30	121,412.34	121,306.630	120,539.93	403.674	0.334	37,997,761.0	2,016,208,431.380	-1	26/04/2024 11:00 AM
KMIALLSHR	33,778.23	33,763.789	33,623.23	64.348	0.191	96,111,160.0	4,876,101,184.990	1	26/04/2024 11:00 AM
BKTi	18,023.02	17,942.243	17,783.46	69.884	0.391	3,094,869.0	413,272,946.660	-1	26/04/2024 11:00 AM
OGTi	17,066.80	16,979.534	16,915.39	-51.527	-0.303	2,597,705.0	347,670,529.530	-1	26/04/2024 11:00 AM

Data is delayed by 20 minutes

COMMODITIES

Name	Symbol	Last	High	Low	Change
BITCOIN FUTURES	BTC	64,945.0	65,390.0	64,510.0	245.00
BRENT CRUDE	EB	89.5	89.6	89.2	0.50
RICHARDS BAY COAL MONTHLY	EF	105.5	0.0	0.0	-0.70
ROTTERDAM COAL MONTHLY	ET	118.5	118.5	118.3	0.30
USD RBD PALM OLEIN	POL	860.0	860.0	860.0	0.00
CRUDE OIL – WTI	QCL	84.0	84.1	83.7	0.43
SUGAR #11 WORLD	SB	19.1	19.7	19.0	-0.65

To see more commodities please register for our portal

Top 5 things to watch in this week

Charts

KSE100 (Last)

KSE100 (Volume)

KSE100 (Last)

KSE100 (Volume)

MPS Preview: High for Longer

Trending :

Earning Review: Systems Ltd observes remarkable growth in PAT

Top 5 things to watch in this week

Charts

Stay Connected

Read Next

MG Morning Breeze: Updates to Skim before Market

Petrol price likely to fall by Rs3.75 in May

PKR’s REER index increases to 104.07 in March

Domestic slowdown, global pressures weigh on Engro Polymer