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.