Karachi, Netsol Technologies Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Lahore on April 28, 2022.
The agenda of the meeting was discussion of unconsolidated and consolidate profit and loss account for quarter ended March 31, 2022 which portrayed a profit of Rs. 164,776 and 148,243 with earnings per share 1.83 and 1.64 basic and diluted respectively.
Further, 100% payment of cash dividend, bonus shares and right shares was agreed.
NetSol Technologies Limited was incorporated in Pakistan on August 22, 1996 as a private company limited by shares, was later on converted into public limited company. Main business of the Company is development and sale of computer software and allied services in Pakistan as well as abroad.
The total numbers of shares are 89,836,923. The Earnings per share is 2.73 in 2020 which was 13.86 in 2019. The Profit after Taxation is 244,840,000 in 2020 which was 1,243,484,000 in 2019.