{"id":3540,"date":"2024-04-02T11:29:08","date_gmt":"2024-04-02T11:29:08","guid":{"rendered":"https:\/\/ksestocks.com\/blog\/?p=3540"},"modified":"2024-04-03T19:29:20","modified_gmt":"2024-04-03T19:29:20","slug":"sys-annual-corporate-briefing-cy2023","status":"publish","type":"post","link":"https:\/\/ksestocks.com\/blog\/sys-annual-corporate-briefing-cy2023\/","title":{"rendered":"SYS Annual Corporate Briefing CY2023"},"content":{"rendered":"\n

Systems Limited recently conducted their annual briefing to discuss their performance in the past year and outline their plans for the future. Here’s a breakdown of the key details shared during the briefing:<\/p>\n\n\n\n

Financial Performance<\/h2>\n\n\n\n

Systems Limited (SYS) reported a Profit After Tax (PAT) of Rs8.6 billion in CY23, marking a growth of 31% compared to the previous year.<\/p>\n\n\n\n

This translates to an Earnings Per Share (EPS) of Rs29.8\/share, up from Rs22.8\/share in the previous year.<\/p>\n\n\n\n

The company also declared a final cash dividend of Rs6\/share for CY23.<\/p>\n\n\n\n

Customer Base<\/h2>\n\n\n\n

SYS boasts a diverse customer base spanning various sectors. The majority of their clients are in the Banking and Financial sector (63), followed by Retail & Consumer Packaged Goods (CPG) at 44, and Technology at 35.<\/p>\n\n\n

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\"SYS\"<\/figure>\n<\/div>\n\n\n

Additionally, the company serves clients in other segments such as Public, Healthcare, Manufacturing, and Telecommunications.<\/p>\n\n\n\n

Clientele and Growth Strategy<\/h2>\n\n\n\n

SYS currently serves 236 active clients, with a focus on targeting specific clients to drive growth and efficiency.<\/p>\n\n\n

\n
\"SYS<\/figure>\n<\/div>\n\n\n

The company is adopting a more focused-based strategy to ensure higher growth rates.<\/p>\n\n\n\n

Expansion Plans<\/h2>\n\n\n\n

SYS plans to continue investing in foreign markets to fuel growth. Their aggressive approach led to a significant growth rate of around 75% in the Middle Eastern Region in CY23.<\/p>\n\n\n\n

However, they anticipate growth to continue at a slightly slower pace moving forward.<\/p>\n\n\n\n

Financial Challenges and Margins<\/h2>\n\n\n\n

In CY23, SYS faced challenges such as inflationary pressures, higher energy prices, and currency devaluation, leading to lower Gross Profit (GP) margins.<\/p>\n\n\n

\n
\"SYS<\/figure>\n<\/div>\n\n\n

Operating margins declined to 14% in CY23 compared to 17% in the previous year, mainly due to the incorporation of a new subsidy and one-off impairment adjustments.<\/p>\n\n\n\n

Revenue Sources<\/h2>\n\n\n\n

The company’s revenue is primarily generated from the Middle East & Africa region (55%), followed by North America (23%) and Pakistan (16%). European and Asian regions contribute 4% and 2%, respectively.<\/p>\n\n\n

\n
\"SYS<\/figure>\n<\/div>\n\n\n

Human Resources and Development<\/h2>\n\n\n\n

SYS is focused on hiring and developing new talent, adding 1200 employees in CY23, bringing the total count to 7000, with 86% based in Pakistan.<\/p>\n\n\n\n

Dividend Policy and Currency Structure<\/h2>\n\n\n\n

The company has maintained a 20% dividend policy for the past year and intends to continue this moving forward.<\/p>\n\n\n\n

Around 95% of SYS’s revenue is in foreign currency, while 60% of their costs are in PKR.<\/p>\n\n\n

\n
\"SYS<\/figure>\n<\/div>\n\n\n

Support for IT Parks<\/h2>\n\n\n\n

SYS encourages the growth of IT parks in the country to boost client confidence and inspire the younger generation to pursue careers in IT.<\/p>\n\n\n\n

In conclusion, Systems Limited remains focused on driving growth, maintaining financial stability, and nurturing talent while navigating challenges in the market. With a diversified clientele and strategic expansion plans, the company aims to sustain its upward trajectory in the future.<\/p>\n","protected":false},"excerpt":{"rendered":"

Systems Limited recently conducted their annual briefing to discuss their performance in the past year and outline their plans for the future. Here’s a breakdown of the key details shared during the briefing:<\/p>\n","protected":false},"author":4,"featured_media":3541,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[140],"tags":[123],"class_list":["post-3540","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-corporate-briefings","tag-sys"],"featured_image_src":{"landsacpe":["https:\/\/ksestocks.com\/blog\/wp-content\/uploads\/2024\/04\/SYS-Corporate-Briefing-1140x445.png",1140,445,true],"list":["https:\/\/ksestocks.com\/blog\/wp-content\/uploads\/2024\/04\/SYS-Corporate-Briefing-463x348.png",463,348,true],"medium":["https:\/\/ksestocks.com\/blog\/wp-content\/uploads\/2024\/04\/SYS-Corporate-Briefing-300x188.png",300,188,true],"full":["https:\/\/ksestocks.com\/blog\/wp-content\/uploads\/2024\/04\/SYS-Corporate-Briefing.png",1920,1200,false]},"_links":{"self":[{"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/posts\/3540","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/comments?post=3540"}],"version-history":[{"count":0,"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/posts\/3540\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/media\/3541"}],"wp:attachment":[{"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/media?parent=3540"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/categories?post=3540"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/tags?post=3540"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}