Monday, February 17, 2025

PSX’s Earnings Soar to Rs1.03 Billion in FY24 with 368% Growth

-

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.


LATEST POSTS

PM Shehbaz Welcomes World Bank’s $40 Billion Investment in Pakistan

In a major boost for Pakistan's economy, Prime Minister Shehbaz Sharif has hailed the World Bank’s $40 billion investment...

PIA-The Sky-High Official Partner of Champions Trophy 2025!

Pakistan International Airlines (PIA) has been given a prestigious role in the Champions Trophy 2025, ensuring seamless travel for...

Forbes Releases List of the World’s 10 Poorest Countries

Despite global advancements in technology, infrastructure, and economic growth, poverty remains a harsh reality for millions. Economic instability, political...

Most Popular