The company also announced a final cash dividend of Rs1.25 per share for the year ended June 30, 2010. Revenue increased 70 per cent to Rs1.85 billion against Rs1.08 billion in the same period last year, according to a notice sent to the Karachi Stock Exchange on Friday.
NetSol Technologies provides IT-enabled solutions catering to businesses across various verticals around the globe.
The company’s stock price fell 3.1 per cent to close at Rs19.49 during trade at the Karachi Stock Exchange on Friday.
Millat Tractors Limited’s net income rose 39.5 per cent to Rs2.28 billion in fiscal year 2010 against Rs1.21 billion posted in the same period last year.
A final cash dividend of Rs35 per ordinary share of Rs10 was announced, taking the full-year tally to Rs65 per share.
The board of directors have also recommended a bonus share in the proportion of one share for every four ordinary shares. The company’s net sales rose 39.5 per cent to Rs22.2 billion from last year’s Rs15.9 billion.
Published in The Express Tribune, September 4th, 2010.
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