EXHIBIT 99.1
NetSol Technologies Limited Pakistan, (“NetSol PK”), a majority owned subsidiary of NetSol Technologies, Inc. servicing the Asia-Pacific region, announced financial results for the quarter ended March 31, 2022.
Financial Highlights Q3, 2021-22
● | Revenues clocked at PKR 1,607 million compared to PKR 1,241 million in corresponding quarter of last fiscal year | |
● | Company reported a gross profit of PKR 519 million compared to PKR 455 million in the corresponding period | |
● | Company reported a net profit of PKR 165 million compared to a net loss of PKR 180 million last year |
Revenues for the quarter ended March 31, 2022 increased to PKR 1,607 million from PKR 1,241 million in the same quarter of last fiscal year. The company reported a gross profit of PKR 519 million compared to PKR 455 million in the comparative quarter of last fiscal year. The company posted a net profit of PKR 165 million or an EPS of PKR 1.82 per diluted share in comparison of a net loss of PKR 180 million or a loss of PKR 2.00 per diluted share in the same quarter of fiscal 2021.