logologologologo
  • Home
  • Innovation
  • Industry
  • ESG
  • Policy
  • Podcast
  • About
  • Contact Us
  • Home
  • Innovation
  • Industry
  • ESG
  • Policy
  • Podcast
  • About
  • Contact Us
            No results See all results
            ✕
                      No results See all results
                      Sapphire Textile Mills to Acquire Minority Stake in UK Fabrics Firm
                      March 26, 2025
                      Trump Officials’ Signal Chat Leak Sparks Inquiry
                      March 26, 2025

                      Systems Limited Shareholders to Vote on Stock Split

                      Published by News Desk on March 26, 2025
                      Categories
                      • Industry
                      Tags

                      Systems Limited has announced a 5-for-1 stock split, reducing the face value of its shares from Rs. 10 to Rs. 2 each. The company’s Board of Directors approved the move in line with Section 85(1)(c) of the Companies Act, 2017. Shareholder approval is still required for the decision to take effect. This means every existing share will be divided into five, increasing the total number of ordinary shares from 292.9 million to 1.46 billion. Arif Habib Limited noted that this move is aimed at enhancing investor accessibility and improving market liquidity.

                      Alongside this, Systems Limited released its financial results for 2024. The company reported revenue of Rs. 67.47 billion, a 26% increase from Rs. 53.43 billion in 2023. However, net profit declined by 14% to Rs. 7.46 billion, largely due to an exchange loss of Rs. 264.47 million. In contrast, the company had recorded an exchange gain of Rs. 2.26 billion in 2023.

                      Since 2020, Systems Limited has maintained a 50% compound annual growth rate in revenue, primarily driven by IT services. Despite margin pressures, the company continues to achieve an EBITDA + Growth rate of 45%, exceeding market averages. On Monday, the company’s stock closed at Rs. 571.72, down 1.44%.

                      Author

                      • News Desk

                      Share
                      0

                      Related posts

                      October 11, 2025

                      Prince Mansour Acquires Majority K-Electric Stake


                      Read more
                      October 10, 2025

                      Pakistan and Citi Launch Sovereign Sustainability Framework


                      Read more
                      October 9, 2025

                      MindHYVE.ai Partners with Pakistan Government


                      Read more

                      Recent Post

                      • Pakistan Forms AI Panel to Guide Growth
                        By Zahra Durrani
                        Innovation
                      • Pakistan’s Financial Access Rises as Gender Gap Narrows
                        By Shafaq Sheikh
                        ESG
                      • Bank of Khyber Ranked Second in Asia-Pacific Banking Report
                        By Shafaq Sheikh
                        ESG
                      dp-logo-black

                      Empowering Pakistan through digital innovation. At Digital Pakistan, we bring you insights, analysis, and the latest stories shaping tech, policy, and digital culture across the country.

                      © 2023 Digital Pakistan | All Rights Reserved

                      Quick Link

                      Home

                      Podcast

                      About Us

                      Contact

                      Categories

                      Innovation

                      Industry

                      ESG

                      Policy

                                No results See all results