NETSOL announces Financial Results for the half year ending 31st December, 2017

Netsol Technologies Ltd. announced financial results for the half year ending December 31st, 2017. The company reported Net Revenue worth Rs. 1.955 billion during the half year against Rs. 2.146 billion same period last year; down 8.87% from last year.

Baluchistan Wheels Ltd. reported bottom-line profits worth Rs. 608.268 million with a diluted EPS of 6.77/share.

Comparison of Key Financials

Unconsolidated Profit and Loss Account – For the Half Year Ended, December 31st 2017

Key Financials

2017

2016

% Change

 

Amounts in PKR ‘000

Net Revenue

1,955,704

2,146,062

-8.87%

Cost of Revenue

1,107,893

1,322,053

-16.20%

Gross Profit

847,811

824,009

2.89%

Operating Profit

642,861

296,334

116.94%

Profit before Taxation

619,743

285,484

117.09%

Profit after Taxation

608,268

267,393

127.48%

EPS – Basic

6.78

3.00

126.00%

EPS – Diluted

6.77

2.97

127.95%

The company release on the financial results can be accessed here.

Posted on: 2018-02-13T10:22:00+05:00