Karachi April 28 2025: Systems limited, the largest listed technology company at KSE, profit for the three months increased by 59 percent from PKR 1,571.22 million to PKR 2,501.48 million due to exchange loss recorded in the same quarter last year.
During the three months period ended 31st March 2025, consolidated revenue grew by 19.0 percent year over year from PKR 15,194.40 million to PKR 18,079.55 million.
Gross profit and operating profit increased by 26.3 percent and 24.3 percent respectively.
Normalizing the impact of currency fluctuation, profit after tax showed an increase of 32.5 percent from same period last year. This has been achieved by improving productivity, billing efficiency and optimization of costs.
The Company delivered strong Q1 results without benefiting from any significant currency gains, while also absorbing annual wage inflation. This quarter marks the highest-ever operating profit in absolute terms. Although total revenue for Q4 2024 was elevated due to nonrecurring, transactional revenue, the Company achieved growth in services revenue in Q1 2025, both year-over-year and quarter-over-quarter.
Basic and diluted earnings per share increased by 58.4 percent and 58.2 percent respectively.
