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PSX observed 42% growth in annual earnings

August 28, 2019 (MLN): Pakistan Stock Exchange (PSX) observed a 42% rise in its annual net income which grew from Rs.62 million (EPS: Rs.0.08 per share) last year to Rs.88.2 million (EPS: Rs.0.11 per share) for the year ending June 30, 2019.

As per the Exchange’s financial statement, its revenue jumped by merely 3.5% as it logged in at Rs.922.6 million. This increase was mainly driven by a 13.6% growth in interest income and 12.6% growth in listing fee.

However, increase in other expenses resulted in an operating loss of Rs.265 million which was 12.5% higher than last year.

These losses were turned into overall profits as the share of profit from associate logged in at Rs.343.6 million.

                                      Profit and Loss Account for the  year ended June 30, 2019 ('000 Rupees)

 

Jun-19

Jun-18

% Change

Revenue

 

 

 

Listing fee

                                  378,259

                                  336,029

12.57%

Income from exchange operations

                                  356,097

                                  377,375

-5.64%

Mark-up/interest income

                                  132,635

                                  116,696

13.66%

Rental income from investment property

                                    55,617

                                    60,954

-8.76%

 

                                  922,608

                                  891,054

3.54%

Operating cost

 

 

 

Administrative expenses

                            (1,187,580)

                            (1,126,400)

5.43%

Other charges

                                          (75)

                                        (344)

-78.20%

 

                            (1,187,655)

                            (1,126,744)

5.41%

Operating loss

                                (265,047)

                                (235,690)

12.46%

Other income

                                    13,658

                                       5,529

147.02%

Share of profit from associates

                                  343,638

                                  343,242

0.12%

Net profit before taxation

                                    92,249

                                  113,081

-18.42%

Taxation

                                    (4,065)

                                  (51,043)

-92.04%

Net profit after taxation

                                    88,184

                                    62,038

42.15%

Basic and diluted earnings per share (Rupees)

                                         0.11

                                         0.08

37.50%

Copyright Mettis Link News

Posted on: 2019-08-28T15:56:00+05:00

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