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

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

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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.

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