Earnings Report /

Systems Ltd: 2QCY21 preview – Higher margins and lower exchange losses to lift earnings

  • SYS is expected to post 2QCY21 consolidated NPAT of PKR677mn (EPS: PKR4.94), up 25% yoy and 13% qoq.

  • We expect the gross margins to increase by 2ppt yoy and 0.5ppt qoq to 35.4% in 2QCY21.

  • SYS is likely to post negative other income of PKR71mn in 2QCY21 vs income of PKR33mn in 2QCY20

Intermarket Securities
23 August 2021