The Pakistan Stock Exchange (PSX) has reported remarkable financial growth for fiscal year 2024, highlighting substantial increases in profits and revenue.
PSX achieved a profit of Rs1.03 billion for FY24, reflecting an impressive 368% year-over-year growth.
According to the latest financial results released on Wednesday, PSX, which manages share trading, had reported a profit of Rs219 million in the previous fiscal year.
Earnings per share (EPS) rose significantly to Rs1.28 in FY24, compared to Re0.27 the previous year.
The exchange also declared a cash dividend of Re1 per share.
Following this announcement, the share price climbed to Rs15 before settling at Rs14.32, a gain of Re0.38 or 2.73%.
In contrast, National Refinery reported a substantial loss of Rs15.8 billion for FY24.
During the review period, PSX’s revenue from listing fees, exchange operations, interest, and rental income increased to Rs2.12 billion from Rs1.46 billion, a 45% rise.
Administrative expenses also rose to Rs2 billion, up from Rs1.57 billion, a 27% increase.
Operating profit improved to Rs112.6 million in FY24, reversing a loss of Rs110 million from the previous year.
Other income and share of profit from associates amounted to Rs996.9 million, up from Rs359.6 million, marking a 177% increase.
Consequently, profit before tax surged to Rs1.1 billion, compared to Rs249.5 million, a 345% increase.
PSX was established on March 10, 1949, under the Companies Act, 1913, and was re-registered as a public company limited by shares on August 27, 2012.