AKD Securities Limited - Off the Analyst's Desk.
Karachi -- October 26, 2022 (PPI-OT)
SYSTEM: 3QCY22 Result Review
Systems Limited (SYS) announced its 3QCY22 result today where it posted NPAT of PkR2.15bn (EPS: PkR7.7), in line with our expectations and growing by 22%QoQ compared to earnings of PkR1.8bn (EPS: PkR6.3) in 2QCY22. Tremendous growth is witnessed on YoY basis, where the earnings have doubled (~113% growth) compared to 3QCY21. This brings cumulative earnings for 9MCY22 to PkR5.2bn (EPS: PkR18.5), up by 104%YoY.
Consolidated...
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