Systems Limited #SYS saw its profits drop by 66% YoY to Rs1.24B, EPS: Rs4.24, vs. last year's Rs3.64B, EPS: Rs12.53. Despite currency fluctuations, normalized profits edged up by 3%. With #PKR appreciation denting gains from wage #inflation, SYS net income felt impact. #PSX#KSE
The Pakistani rupee remained largely stable against the US dollar in the inter-bank market on Monday.
At close, the local unit settled at 278.40, a loss of Re0.01 against the greenback, as per the State Bank of Pakistan (SBP).
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brecorder.com/news/40300852/…#SBP#USD#PKR…
#PKR depreciates by 0.01 rupees or 0.00% against #USD to settle at 278.4 in today's interbank session.
MTD: -0.45 rupees or -0.16%
FYTD: 7.59 rupees or 2.73%
CYTD: 3.46 rupees or 1.24%
The petitioner stated that the government is bound to purchase wheat from farmers at the official price and they had announced a policy to buy wheat from farmers at Pakistani Rupees (#PKR) 3900 per maund. However, the government has not implemented the policy.
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