Systems Limited (SYS): Corporate Briefing Notes - By Chase Research

<p></p><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Systems Limited reported a net profit of PKR 6.12 billion (EPS: PKR 20.94) in CY24, down 29% from PKR 8.56 billion (EPS: PKR 29.41) in CY23. The decline was primarily due to PKR appreciation and higher retention costs. Management noted that profitability would have been 48% higher had the rupee depreciated at its historical rate of 3&ndash;5% annually, and 10% higher if the exchange rate had remained constant.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Revenue rose 20% YoY to PKR 38.53 billion in CY24 from PKR 32.04 billion in CY23. Regional revenue contributions were: Middle East &amp; Africa (59%), North America (21%), Pakistan (13%), Europe (4%), and Asia Pacific (3%).</span></li></ul><u...