Inside Financial Markets

NETSOL transmission from Losses to Profit

netsolNETSOL transmission from Losses to Profit

NETSOL is a leading hardware technology firm with a strong global presence and is all set to record profits after subsequent losses in the preceding years ,as per the sources NETSOL is expected  to get some hefty contracts from Chinese based firms. If Netsol gets the above said contract it will be the first contract that the  company will achieve following the successful transmission to the  Next Generation System. The recent Chinese investment of $46 billion aimed at establishing Pakistan-China Economic corridor, primarily focused in energy and infrastructure sector, will prove to be a catalyst for the firm’s growth and profitability in the near future. Currently, NETSOL has a strong presence in the Chinese market with local customers ranging from Mercedes Benz Auto Finance, Mercedes Benz Leasing, Toyota Motor Finance, Volvo Automotive Finance, BMW Automotive Finance and a number of more automobile firms. These recent developments with China will prove to be a catalyst in the firm’s revenue generation and profitability, providing a bullish stance due to its growth plans.

Ahsan Baig

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Inside Financial Markets was a joint publication of Pakistan Stock Exchange (PSX)and Society of Technical Analysts Pakistan (STAP)