PSX rewards Rs1 DPS, earns Rs1.03bn in FY24

September 18, 2024 (MLN): Pakistan Stock Exchange Limited (PSX: PSX) reported a remarkable 367.63% increase in earnings for the fiscal year 2024 (FY24), reaching Rs1.03 billion (EPS: Rs1.28), compared to a profit of Rs219.79 million (EPS: Rs0.27) in the previous fiscal year.

The board of directors of PSX has declared and approved a final cash dividend of Rs1 per share for the financial year ended on June 30, 2024.

Going by the results, the exchange's total revenue grew 44.5% to Rs2.12bn as compared to Rs1.46bn in FY23.

The revenue comprises listing fees, income from exchange companies, interest income, and rental income from investment properties, all of which reflect significant increases due to expanded operations.

Administrative costs rose by 27.3%; however, as revenue growth outpaced expenses, operating profit increased the gross profit to Rs112.85 million in FY24.

Acting as a major contributor to earnings, the share of profit from associates surged by 104.86% to Rs943.68m in FY24.

The income statement also reflects an inflow of Rs53.22m in other income, compared to other expenses of Rs101.03m.

On the tax front, PSX worth Rs81.95m against the Rs29.96m paid in the corresponding period of last year, depicting a rise of 173.6%.

Amount in thousand except for EPS

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