Earnings Report /
Pakistan

Systems Ltd: 3QCY21 review – Higher non-core expenses lead to earnings miss

  • SYS has posted consolidated NPAT of PKR1.0bn (EPS: PKR7.30) for 3QCY21, up 84% yoy and 10% qoq.

  • Net sales has increased by 58% yoy & 14% qoq to PKR3.98bn, led by higher exports, addition of new employees & customers

  • Other income has increased to PKR293mn, up 11x yoy & 53% qoq, due to higher exchange gain amid c.8% PKR devaluation.

Intermarket Securities
28 October 2021