Karachi September 22 2023: NetSol Technologies Limited (NETSOL) reported loss of PKR 147 million for the last quarter on absence of exchange gains as currency remain stable through out last quarter, according to company filing to the exchange.
Share price of the company drop PKR 1.3 or 1.58 percent after the announcement at Pakistan Stock Exchange.
Company gross margins increased to 33.7 percent for the last quarter 2023, the highest in last 6 quarters. While operating margins declined to 9.6 percent from 9.7 percent in previous quarter.
NetSol Technologies Limited incorporated in Pakistan on August 22, 1996 under the repealed Companies Ordinance, 1984, (Now Companies Act 2017). as a private company limited by shares, was later on converted into public limited company. Main business of the Company is development and sale of computer software and allied services in Pakistan as well as abroad.
