Systems Limited has outdone itself yet again. The company has become the first Pakistani company to cross Rs. 100 billion market capitalization. According to a statement released, the company’s share price is currently Rs. 740.93. This totals to a market value of a whopping Rs. 102 billion!
Learn more: Systems Limited Secures a Spot Among 1% Global Microsoft Partners
According to an Intermarket Securities Limited analyst,
“SYS has delivered higher-than-expected revenues/profits in 1HCY21 to warrant the upgrade”.
Systems Limited has made considerable progress in the past few months. It has shown a 42% growth in profits in the period of January to June as compared to the same period last year. Moreover, the net profit has increased from Rs. 1.067 billion to Rs. 1.514 billion. Whereas, their revenue has grown 15% higher than that in the first quarter of Fiscal Year 2021.
Currently, Systems Limited has 291 active customers out of which 16 have contributed to a revenue of Rs. 1 million. The comany ahs highlighted that it will be using its positive cash flow to develop the company’s infrastructure and explore new locations.
The CEO of Systems Limited, Asif Peer, rejoiced at the positve tranjectory of the company saying,
“With an aggressive focus on the advanced, well-poised technological solutions and under the leadership of dedicated professionals and industry veterans, we will be able to expand our operations in Europe and other global markets and lead the way”.
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