February 20, 2019 (MLN): The Pakistan Stock Exchange (PSX) has recorded a 27% decline in net profits for the period ended December 2018, realizing gains at Rs.51.9 million and EPS at Rs.0.06.
According to the Exchange’s financial statement, the listings have reduced over the year marking a 7.5% decline in the listing fee, in addition to zero service charges earned during the period. These factors led to an overall decline of Rs.27.6 million in overall revenue.
Moreover, Operating costs grew by Rs.17 million resulting in an operating loss worth Rs.129.8 million. However, after accounting for share of profits from associates, the pre-tax profits logged in at Rs.56.6 million during the period.
Profit and Loss Account for the half year ended Dec 31 2018 ('000 Rupees) |
|||
---|---|---|---|
|
Dec-18 |
Dec-17 |
% Change |
Revenue |
|
|
|
Listing fee |
169,873 |
183,714 |
-7.53% |
Income from exchange operations |
186,269 |
164,925 |
12.94% |
Service charges |
– |
28,238 |
|
Mark-up/interest income |
62,824 |
67,607 |
-7.07% |
Rental income from investment property |
29,573 |
31,641 |
-6.54% |
|
448,539 |
476,125 |
-5.79% |
Operating cost |
|
|
|
Administrative expenses |
(578,289) |
(560,945) |
3.09% |
Financial and other charges |
(32) |
(167) |
-80.84% |
|
(578,321) |
(561,112) |
3.07% |
Operating loss |
(129,782) |
(84,987) |
52.71% |
Other income |
7,364 |
3,135 |
134.90% |
Share of profit from associates |
179,009 |
198,272 |
-9.72% |
Net profit before taxation |
56,591 |
116,420 |
-51.39% |
Taxation |
(4,703) |
(45,210) |
-89.60% |
Net profit after taxation |
51,888 |
71,210 |
-27.13% |
Basic and diluted earnings per share (Rupees) |
0.06 |
0.09 |
-33.33% |
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