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Mr. Salim Ghauri hosts CIRCLE fellows for lunch at NETSOL for Global Entrepreneurship Week

Lahore, November 16, 2016 (PPI-OT):Mr. Salim Ghauri, CEO of NetSol, a leading technology firm welcomed 10 young people from CIRCLE’s Youth Fellowship programme to NETSOL on Tuesday 15th November for lunch and a tour of the facilities including NETSOL incubator NSPIRE. This visit was organised as part of Global Entrepreneurship Week which is taking place …

NetSol Signs $100 Million Contract to Implement NFS Ascent

Lahore, December 22, 2015 (PPI-OT): NetSol Technologies, a global business services and enterprise application solutions provider hailing from Pakistan, today announced the signing of a contract currently valued at more than $100 million, which includes license, maintenance, services and expected customization, with a long-standing customer to implement NFS Ascent. The agreement calls for upgrading to …

Netsol Technologies Limited’s financial results for the year ended 30-06-2013

Karachi, September 09, 2013 (PPI-OT): This is to inform you that the Board of Directors of our company in their meeting held on September 06, 2013 at 04:00 p.m approved the following financial results of the company for the year ended June 30, 2013. Financial Results of Netsol Technologies Limited (NETSOL) For the Year ended 30-06-2013 30-06-2012 Rupees in ‘000′ Revenue 2,632,779 2,189,855 Cost of revenue (1,087,480) (833,842) ———- ——— Gross profit 1,545,299 1,356,013 Selling and promotion expenses (120,317) (136,752) Administrative expenses (415,068) (341,773) Other operating expenses (23,892) (19,162) Other income 185,137 81,413 ———- ——— Operating profit 1,171,159 939,739 Finance cost (8,847) (14,677) ———- ——— Profit before taxation 1,162,312 925,062 Taxation Current year (2,706) (2,062) Prior year – (1,576) ———- ——— (2,706) (3,638) ———- ——— Profit after taxation for the year 1,159,606 921,424 ———- ——— Earnings per Share Basic – in Rupees 14.86 11.83 ———- ——— Diluted –in Rupees 14.73 11.83 ———- ——— Consolidated Financial Result of Netsol Group For the Year ended 30-06-2013 30-06-2012 Rupees in ‘000’ Revenue 2,997,140 2,499,655 Cost of revenue (1,322,617) (1,031,672) ———- ——— Gross profit 1,674,523 1,467,984 Selling and promotion expenses (120,317) (136,752) Administrative expenses (421,307) (347,806) Other operating expenses (26,001) (21,891) Other income 134,444 45,072 ———- ——— Operating profit 1,240,842 1,006,607 Finance cost (9,194) (13,873) ———- ——— Profit before taxation 1,231,648 992,734 Taxation Current year (2,822) (2,358) Prior year (31) (1,698) ———- ——— (2,853) (4,056) ———- ——— Profit after taxation for the year 1,228,795 988,678 ———- ——— Attributable to: Equity holders of parent 1,174,962 939,688 Non-controlling interest 53,833 48,990 ———- ——— 1,228,795 988,678 ———- ——— Cash Dividend, Bonus Shares, Right Shares and Other Entitlement: The Board of Directors has recommended a final Cash Dividend of 10% i.e., Rs. 1/- per share. In addition to it, the Board has also recommended a 10% Bonus share issue i.e., 01 shares for every 10 shares held by the members. The above entitlement will be paid to the shareholders whose names will appear in the Register of Members at the closure of business on 14-10-2013. The Share Transfer Books of the Company will remain closed from 15-10-2013 to 21-10-2013. Transfers received at M/s Vision Consulting Ltd, 3-C, LDA Flats, Lawrence Road, Lahore. (Tel: + 92 42 36375531, 36375339 Fax: + 92 42 36312550) at the close of business on 14-10-2013 will be treated in time for the purpose of above entitlement. The Annual General Meeting of the Company will be held on Monday October 21, 2013 at 11:00 A.M. at Royal Palm Golf and Country Club, 52-Canal Bank Road, Lahore. We will be sending you 300 copies or printed accounts for distribution amongst the members of the Exchange 21 days before the date or AGM. Additionally, the financial statements shall also be emailed to the Exchange at aqfs@kse.com.pk in Portable Document Format (PDF) to enable the Exchange to place the same on its website. Certificate Regarding Availability of Free Reserves This is with reference to your office Letter No. Nil dated September 05, 2013 on the subject cited above. We have examined the accounts of the NetSol Technologies Limited as on June 30th 2013 and hereby certify that the free reserves of the company calculated in the manner as specified in clause (iii) of Rule 6 of the Companies (Issue of Capital) Rules, 1996 after proposed issue of ten percent (10%) bonus shares are not less than twenty five percent (25%) of the increased capital. For more information, contact: Kabani and Company Chartered Accountants NetSol Technologies Limited 43/1/Q, Amna Village 1, Block –6, PECHS, Karachi Tel: (92 21) 111-838-785 Fax: (92-21) 34313464 Email: info@netsolteach.com Website: www.netsoltehc.com

The post Netsol Technologies Limited’s financial results for the year ended 30-06-2013 appeared first on AsiaNet-Pakistan.

Netsol Technologies Limited’s enhancement of paid-up capital from 78,018,203 to 78,571,703

Karachi, June 13, 2013 (PPI-OT): This is with reference to earlier telephonic discussion with Mr. Azam Fawad Siddiqi, AM Operation on the captioned above. In this regard, we would like inform you that the Paid-up Capital of the company has been enhanced from 78,018,203 to 78,571,703 shares after physical allotment of 553,500 shares @16,42/- per […]

NetSol Technologies Limited’s information under listing regulation 16(6) of stock exchanges

Karachi, April 12, 2013 (PPI-OT): This has reference to the caption above. In this regard, we would like to inform you that Mr. Salim Ullah Ghauri, CEO has purchased 18,000 shares of NetSol Technologies Limited (NETSOL) from Mr. Sajad Raza. For more information, contact: Boo-Ali Siddiqui Company Secretary NetSol Technologies Limited 43/1/Q, Amna Village 1, […]