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Home » Financial Results

Netsol Technologies Limited’s financial results for the half year ended 31-12-2011

January 31, 2012

Karachi: This is to inform you that the Board of Directors of our company in their meeting held on January 30, 2012 at 03:00 PM. approved the following financial results of the company for the Half Year ended December 31, 2011.

Consolidated Financial Results of Netsol Group

 

Quarter Ended

Half Year Ended

Oct-Dec

Oct-Dec

Jul-Dec

Jul-Dec

2011

2010

2011

2010

Rupees in ‘000′

Rupees in ‘000′

Revenue 542,560 549,379 917,804 973,284
Cost of revenue (230,315) (200,529) (451,441) (357,277)
——- ——- ——- ——-
Gross Profit 312,245 348,850 466,363 616,007
Selling and promotion expenses (34,668) (29,421) (63,782) (61,954)
Administrative expenses (83,327) (79,206) (165,293) (184,005)
Other operating a expenses (3,610) (40,442) (16,338) (10,693)
Other income 3,367 857 1,394 64,590
——- ——- ——- ——-
Operating Profit 194,007 200,638 222,344 423,945
Financial cost (3,496) (6,623) (7,590) (13,572)
——- ——- ——- ——-
Profit before taxation 190,511 194,015 214,754 410,373
Taxation
Current (474) (193) (912) (876)
(1,698)
——- ——- ——- ——-
(474) (193) (2,610) (876)
                                                  ——- ——- ——- ——-
Profit after taxation for the period 190,037 193,822 212,144 409,497
Other comprehensive income
——- ——- ——- ——-
Total comprehensive income for the period 190,037 193,822 212,144 409,497
——- ——- ——- ——-
Attributable to:
Equity holders of NetSol Technologies Limited 183,520 184,801 190,367 390,129
Non-controlling interest 6,517 9,021 21,777 19,368
——- ——- ——- ——-
190,037 193,822 212,144 409,497
——- ——- ——- ——-
Basic-in Rupees 2.36 2.37 2.44 5.01
——- ——- ——- ——-
Diluted -in Rupees 2.36 2.37 2.44 4.99

 

Financial Results of Netsol Technologies Limited (NETSOL)

 

Quarter Ended

Half Year Ended

Oct-Dec

Oct-Dec

Jul-Dec

Jul-Dec

2011

2010

2011

2010

Rupees in ‘000′

Rupees in ‘000′

Revenue 478,486 486,356 774,845 952,576
Cost of revenue (181,578) (163,278) (358,779) (278,923)
——- ——- ——- ——-
Gross Profit 296,908 323,078 416,066 573,653
Selling and promotion expenses (34,668) (29,421) (63,782) (61,954)
Administrative expenses (81,997) (77,527) (162,533) (181,091)
Other operating expenses (3,323) (35,724) (17,904) (9,891)
Other Income 4,611 50,173 7,283 112,513
——- ——- ——- ——-
Operating profit 181,531 230,579 174,130 433,230
Financial cost (4,217) (7,622) (8,572) (14,926)
——- ——- ——- ——-
Profit before taxation 177,314 222,957 170,558 418,304
Taxation
Current period (445) (142) (850) (730)
Prior period (1,576)
——- ——- ——- ——-
(445) (142) (2,426) (730)
——- ——- ——- ——-
Profit after taxation for the period 176,869 222,815 168,132 417,574
Other comprehensive income
——- ——- ——- ——-
Total comprehensive income for the period 176,869 222,815 168,132 417,574

 

Cash Dividend, Bonus Shares, Right Shares and Other Entitlement:

 

The Board of Directors has not recommended any entitlement in the BOD meeting.

 

We will be sending you 300 copies of printed accounts for distribution amongst the members of the Exchange.

 

Additionally, the financial statements shall also be emailed to the Exchange at aqfs@kse.com in Portable Document Format (PDF) to enable the Exchange to place the same on its website.

 

For more information, contact:
Baoo-Ali Siddiqui
Company Secretary
Netsol Technologies Limited
43/1/Q, Amna Village 1,
Block –6, PECHS, Karachi
Tel: (92 21) 111-838-785
Fax: (92-21) 34313464
Email: info@netsolteach.com
Website: www.netsoltehc.com

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