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% |
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