Financial results of Systems Limited for Year ended December 31, 2019.

Karachi: Systems Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Lahore on March 25, 2020.

The agenda of the meeting was discussion of Unconsolidated and consolidated profit and loss account for year ended December 31, 2019 which portrayed a profit of Rs. 1,363,131709 and Rs. 1,567,932,821 with earnings per share 11.05 and 12.86 basic and diluted respectively.

Further, 22.5% payment of cash dividend, bonus shares and right shares was agreed.

Furthermore, the share transfer books of the company will remain closed from May 23, 2020 to May 29, 2020 (both days inclusive).

Systems Limited is a global leader of next-generation IT services and BPO solutions. Ever since its inception in 1977, the company has evolved and taken center stage in information and technology by providing computing strategies and solutions to Government and Private Organizations.

With three decades of experience and IT evolution, they have accomplished above 500 projects completed in the US, Pakistan, Middle East...