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
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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