EXHIBIT 99.1
NetSol Technologies Limited Pakistan, (“NetSol PK”), a majority owned subsidiary of NetSol Technologies, Inc., today announced financial results for the financial year ended June 30, 2024.
Financial Highlights – Fiscal Year 2023-24
| ● | Company posted net revenues of PKR 9,281 million compared to PKR 7,670 million in corresponding fiscal year | |
| ● | Company posted gross profit of PKR 4,164 million compared to PKR 2,262 million in the corresponding year | |
| ● | Net profit after tax of PKR 1,384 million was reported by the Company compared to a net profit of PKR 1,285 million last year |
Revenues for the year ended June 30, 2024 increased to PKR 9,281 million from PKR 7,670 million in the last fiscal year. The company reported a gross profit of PKR 4,164 million compared to PKR 2,262 million in the corresponding fiscal year. The company posted a net profit after tax of PKR 1,384 million or an EPS of PKR 15.63 per diluted share in comparison of a net profit of PKR 1,285 million or an EPS of PKR 14.59 per diluted share in the last fiscal year. Included in the current financial year net profit is a currency exchange loss of PKR 326 million compared to a currency exchange gain of PKR 1,696 million in the fiscal year 2023.
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