Karachi March 10 2022: Pakistan Stock Exchange (PSX) largest IT sector company, System Limited, Board of Directors (BoD) to issue Bonus Shares in the proportion of 1 shares for every 1 shares held i.e 100 percent.
Company BoD also announced final cash dividend of PKR 5 per share.
During the year 2021, consolidated revenue grew by 55 percent from PKR 9.87 billion to PKR 15.3 billion. Gross profit and operating profit of the company increased by 53 percent and 51 percent, respectively. Net profit for the period increased by 102 percent from PKR 2.16 billion to PKR 4.37 billion.
There is one time adjustment of PKR 816 million which has been recognized in the profitability arising from dilution of voting rights in E-Processing System B.V.
Source:
PSX
