Saturday, November 9, 2024

Systems Limited to become first Pakistani IT business to have a market valuation of Rs. 100 billion

Systems Limited is the first Pakistani IT company to have a market capitalization of more than Rs. 100 billion.

Systems Limited made the following announcement on Twitter: “We are thrilled to report that ‘Systems Limited’ has done it again! We are Pakistan’s first technology corporation with a market capitalization of more than 100 billion rupees. Congratulations to our tireless employees, partners, stakeholders, and leadership for making this possible. ”

The net profit for the company has risen from Rs 1,067 billion to Rs 1,514 billion, according to PSX’s financial figures.

The share price of the company is now Rs. 740.93, making the market capitalization around Rs. 102 billion.

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