Karachi: Systems Limited is anticipated to report a substantial year-over-year revenue increase and solid profit in its second-quarter results for CY24, reflecting continued growth in the Middle East, Africa, and North American markets.

According to AKD Securities Limited, the company is expected to post a Net Profit After Tax (NPAT) of PKR 1.95 billion for 2QCY24, translating to an Earnings Per Share (EPS) of PKR 6.7. This projection represents a 29% year-over-year increase in quarterly revenue, which is expected to reach PKR 16.1 billion, driven primarily by robust performance in international markets.

The company’s gross margins for the quarter are projected at 25.7%, slightly down from 27.8% in the same period last year. However, the operating profit is likely to rise to PKR 2.3 billion from PKR 1.7 billion in the corresponding quarter of the previous year, indicating effective management and operational efficiency despite a challenging economic environment.