Karachi, The Pakistan Stock Exchange Limited (PSX) has officially announced its annual audited financial statements for the fiscal year ended June 30, 2023. The decision was made during a meeting of the Board of Directors held on September 16, 2023, which took place at the Registered Office of PSX and through video-conferencing.
The key highlights of the board's recommendations are as follows:
1. Cash Dividend: NIL
2. Bonus Shares: NIL
3. Right Shares: NIL
4. Any Other Entitlements/Corporate Action: NONE
5. Any Other Price-Sensitive Information: NONE
Annexure-A presents the unconsolidated statement of profit or loss for the year ended June 30, 2023, and provides a detailed breakdown of PSX's financial performance. It reveals that PSX reported a net profit of Rs. 219,589, which is a significant achievement for the year.
Annexure-B presents the consolidated statement of profit or loss for the same period, highlighting key financial figures such as revenue, operating and administrative expenses, other expenses, and net profit. Notably, PSX's revenue for the year amounted to Rs. 1,464,537.
The 76th Annual General Meeting (AGM) of PSX is scheduled to be held on October 27, 2023, at PSX's registered office, with the option for shareholders to participate via video conferencing. Furthermore, the share transfer books of the Exchange will remain closed from October 20, 2023, to October 27, 2023, inclusive.
The announcement of zero cash dividend and bonus shares signifies the company's financial strategy for the year, which may have implications for its shareholders and investors. Shareholders are encouraged to attend the AGM to gain further insights into PSX's financial performance and future plans.
For more detailed financial information and to participate in the upcoming AGM, shareholders are advised to refer to the official documents provided by the Pakistan Stock Exchange Limited.