Tuesday, June 25, 2024

NETSOL Profits Jumped 352% in 2021-22

NETSOL on Tuesday announced a Mammoth Profit in the Year 2021-22 of 352%.

NETSOL aims at providing innovative solutions to the global asset finance and leasing industry.

The company’s other income jumped by 598% to Rs1.07billion against Rs154mn in FY21.

As a result, the company’s profit after taxation clocked in at Rs872mn against Rs193mn in FY21, translating into earnings per share of Rs9.73 against Rs2.15 in FY21.

The company’s topline jumped by 25.02% to Rs6.18billion against Rs4.95bn in FY21 supported by the exchange rate depreciation as the company’s revenues are predominantly dollar-based.

Gross profit clock in at Rs2.08bn against Rs1.80bn in FY21.

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