secwatch.observer — SEC 8-K summary
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Issuer:     NETSOL TECHNOLOGIES INC (NTWK)
CIK:        0001039280
Form:       8-K
Filed at:   2024-04-30T23:59:59+00:00
Accession:  0001493152-24-017210
Event type: earnings
Sentiment:  negative
Materiality: 0.60
Item codes: 2.02
LLM model:  deepseek-v4-flash:cloud@v2

NetSol PK subsidiary Q3 revenue up 8% but net profit plunges to PKR 64M from PKR 1,404M YoY
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- Revenue rose to PKR 2,247M (Q3 FY24) from PKR 2,079M (Q3 FY23), +8% YoY.
- Gross profit improved to PKR 989M from PKR 695M, +42% YoY.
- Net profit collapsed to PKR 64M (EPS PKR 0.72) from PKR 1,404M (EPS PKR 15.98) due to PKR 265M FX loss vs PKR 1,401M FX gain.
- Results are for NetSol PK subsidiary only; not representative of consolidated NetSol Technologies, Inc.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1039280/000149315224017210/0001493152-24-017210-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1039280/000149315224017210/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-017210

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