Earnings Report: Systems Limited (PSX: SYS) today reported Financial Results for the Three and Six months ended June 30, 2017

MG News | August 28, 2017 at 12:22 PM GMT+05:00

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Systems Ltd. announced Financial Results for the period ended June 30, 2017.

The company’s Revenue for the period increased by 2 percent in the outgoing year, whereas the Profit after Taxation for the Period decreased by 4.85 percent.

The board did not recommend any Cash Dividend for the year ended June 30, 2017.

Comparison of Key Financials

Unconsolidated Profit and Loss Account - For the Six Months Ended
Key Financials	Jan - June, 2017	Jan - Jun, 2016	% Change
	Amounts in PKR ‘000
Revenue	1,364,858,943	1,338,353,187	1.98%
Cost of Sales	929,690,777	947,801,927	-1.91%
Gross Profit	435,168,166	390,551,260	11.42%
Expenses	183,072,496	150,901,937	21.32%
Operating Profit	252,095,670	239,649,323	5.19%
Other Income	32,885,669	255,290,000	-87.12%
Other Operating Expenses	37,074,557	-
Finance costs	1,579,506	774,055	104.06%
Profit before Taxation	246,327,276	254,515,945	-3.22%
Taxation	5,248,769	1,972,413	166.11%
Profit for the period	241,078,507	252,543,532	-4.54%
EPS - Basic	2.16	2.27	-4.85%
EPS - Diluted	2.16	2.26	-4.42%

Company release on Earnings Report can be accessed here.

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