Karachi April 28 2022: During period under review, standalone revenue grew by 77% over same period last year from Rs. 2,302.99 million to Rs. 4,071.64 million.
Gross profit and operating profit increased by 48% and 20% respectively, delivering a robust operating performance for the company. Moreover, as a consequence of currency fluctuations, net profit for the period has been positively impacted by an exchange gain of Rs 149.60 million compared to the loss in March 2021 of Rs 152.05 million increasing net profit by 103%, from 525.20 million to Rs. 1,068.04 million.
In USD terms, revenue and profit grew by 55% and 78%, respectively.
The increase in revenue has been contributed to by all regions. The Company continues to invest aggressively in talent whilst optimizing other costs and efficient working capital management that have bolstered operating margins.