Earnings Report /
Pakistan

Systems Ltd: 2QCY21 review – Expectations beat on higher revenue and exchange gains

  • SYS has posted consolidated NPAT of PKR0.91bn (EPS: PKR6.61), up 69% yoy and 52% qoq.

  • Net sales has increased by 50% yoy (up 15% qoq) to PKR3.5bn, above our estimated revenue of PKR3.2bn.

  • Other income in 2QCY21 has increased to PKR191mn, compared with a loss of PKR116mn in 1QCY21.

Intermarket Securities
26 August 2021