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 September 30, 2024.
Financial Highlights Q1, 2024-25
| ● | Company posted revenues of PKR 1,899 million compared to PKR 2,256 million in corresponding quarter of last fiscal year | |
| ● | Gross profit remained at PKR 641 million compared to PKR 901 million in the corresponding period | |
| ● | Company reported a net profit of PKR 197 million compared to PKR 272 million last year |
Revenues for the quarter ended September 30, 2024 decreased to PKR 1,899 million from PKR 2,256 million in the same quarter of last fiscal year. The company reported a gross profit of PKR 641 million compared to PKR 901 million in the comparative quarter of last fiscal year. The company posted a net profit of PKR 197 million or an EPS of PKR 2.21 per diluted share in comparison of a net profit of PKR 272 million or an EPS of PKR 3.09 per diluted share in the same quarter of fiscal 2024.
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