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

MG News | February 13, 2018 at 10:22 AM GMT+05:00

0:00

Netsol Technologies Ltd. announced financial results for the half year ending December 31^st, 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 31^st 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.

Related News

NICL's profit doubles to Rs2bn, declares 20% dividend

PSX issues revised calendar for Government Ijarah Saukuk auction

Major Solar installation completed at Kohinoor Mills facility

Name	Price/Vol	%Chg/NChg
KSE100	156,180.94 423.57M	0.51% 796.43
ALLSHR	95,690.82 1,354.89M	0.59% 557.25
KSE30	47,714.39 199.12M	0.52% 247.40
KMI30	229,722.09 134.66M	0.91% 2076.87
KMIALLSHR	64,420.07 581.33M	0.83% 532.01
BKTi	41,969.52 122.61M	0.50% 207.74
OGTi	31,991.76 10.82M	1.18% 372.62

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	115,675.00	116,415.00 115,215.00	100.00 0.09%
BRENT CRUDE	68.05	68.11 67.01	0.61 0.90%
RICHARDS BAY COAL MONTHLY	84.00	0.00 0.00	-0.40 -0.47%
ROTTERDAM COAL MONTHLY	93.40	93.50 93.15	0.55 0.59%
USD RBD PALM OLEIN	1,106.50	1,106.50 1,106.50	0.00 0.00%
CRUDE OIL - WTI	64.05	64.10 62.89	0.75 1.18%
SUGAR #11 WORLD	15.87	16.10 15.84	-0.13 -0.81%