PSX has announced a remarkable profit of Rs1.03 billion for the fiscal year 2024
The Pakistan Stock Exchange (PSX) has announced a remarkable profit of Rs1.03 billion for the fiscal year 2024, marking a significant increase of 368% compared to the previous year. This upsurge comes as the PSX reported a profit of Rs219 million in the prior fiscal year.
The company’s earnings per share (EPS) surged to Rs1.28 in FY24, up from Re0.27 in the same period last year. In addition, the PSX declared a cash dividend of Re1 per share.
Revenue from listing fees, exchange operations, interest, and rental income increased to Rs2.12 billion, a 45% rise from Rs1.46 billion in the previous year. However, administrative expenses rose to Rs2 billion, up 27% from Rs1.57 billion.
The PSX’s operating profit reached Rs112.6 million, reversing a loss of Rs110 million from the previous year. Other income and share of profit from associates soared to Rs996.9 million, a 177% increase from Rs359.6 million.
Profit before tax for the PSX surged to Rs1.1 billion, a 345% increase from Rs249.5 million.
Established under the Companies Act, 1913, and re-registered as a public company in 2012, PSX continues to play a pivotal role in the country’s financial markets.
