EXHIBIT 99.1
NetSol Technologies Limited Pakistan, (“NetSol PK”), a majority owned subsidiary of NetSol Technologies, Inc., today announced financial results for the quarter ended March 31, 2023.
Financial Highlights Q3, 2022-23
| ● | Company posted revenues of PKR 2,079 million compared to PKR 1,607 million in corresponding quarter of last fiscal year | |
| ● | Gross profit remained at PKR 695 million compared to PKR 519 million in the corresponding period | |
| ● | Company reported a net profit of PKR 1,404 million compared to PKR 165 million last year |
Revenues for the quarter ended March 31, 2023 increased to PKR 2,079 million from PKR 1,607 million in the same quarter of last fiscal year. The company reported a gross profit of PKR 695 million compared to PKR 519 million in the comparative quarter of last fiscal year. The company posted a net profit of PKR 1,404 million or an EPS of PKR 15.98 per diluted share in comparison of a net profit of PKR 165 million or an EPS of PKR 1.82 per diluted share in the same quarter of fiscal 2022.
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