Systems’ group revenues grow by 24pc

Tuesday, April 15, 2008
By our correspondent

KARACHI: Systems Limited, an IT and IT-enabled services company, held its 31st Annual General Meeting at its office in Lahore. Shahid Hafeez Kardar, an eminent economist and a member of the Board of Directors, chaired the meeting, stated a press release.

During the meeting, the annual accounts of the company for the year ended December 31, 2007 were approved. The shareholders also approved payment of 20 per cent cash dividend ie Rs2 per share as compared to the 15 per cent paid last year. They also approved 60 per cent bonus shares as compared to 50 per cent last year.

In 2007, Systems’ group revenues grew by 24 per cent year-on-year and total employees of the group stood at over 900 as of December 2007 as compared to only 300 in 2005. Speaking on the occasion, Ashraf Kapadia, Managing Director of the company, said “Systems Limited continues to grow at a robust pace based on the strategy defined by the company’s management a few years ago. With a significant number of already signed contracts and a healthy pipeline of orders, Systems is expecting to increase its revenues by 30 per cent during 2008.”

http://www.thenews.com.pk/daily_detail.asp?id=106795

20% dividend gives Rs2 per share?

this company is making big money.

Is there anyway someone could buy shares in Karachi Stock Exchange from US. I know that many countries like European countries and China I can buy from my home computer using my online broker, is there any way to buy in KSE from here?

there are plenty of ads for online trading on http://www.brecorder.com/

if you are interested I am looking to start a PDF group on an online investment game (free to enter). check out http://library.thinkquest.org/3088/

I am interested, I will look into it when I get get home, at werk right now. I play at Virtual Stock Exchange, also for real through Ameritrade.

I have set up a class ont there called PDF, the password to logon is appropriately "thunder"

It says "the simulation is no longer available". If you want to join my game at Virtual Stock Exchange >>

http://vse.marketwatch.com

My name of the game I am in is called playthisgame my user name is Teri-Ma. I am ranked #1 by the way.

teri ma? are you punjabi by any chance?

ok I will give it a go at some point, though I'm just a beginner.