System Limited Reports Another Profitable Year in 2018
From the Blog propakistani Systems Limited has announced its financial result for the year that ended December 31st 2018. The growth run continues for Pakistan's oldest software house as it reported a growth of 82.80% in its consolidated financials for the year. The company reported a profit of Rs. 1.06 billion as compared with a profit of Rs. 560 million in 2017. The latest financials of Systems Limited showed improving health of the company as rupee devaluation and the export rebate positively impacted the revenue growth. The growth in profits can be seen due to the improvement in net sales as it reported Rs. 5.32 billion in sales, which were up by 39% against Rs 3.83 billion in the same period of last year. The cost of sales was up by 41% which were stated Rs 3.80 billion but the overall sales whichpakistanblogs.blogspot.comRead Full Post
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