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

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.

Posted on: 2017-08-28T12:22:00+05:00