Karachi: Pakistan Stock Exchange Limited (PSX) disclosed its annual financial results for the fiscal year ended June 30, 2024, during its recent Board of Directors meeting. The meeting, held on September 18, 2024, at the PSX Registered Office and via video-conferencing, concluded with the approval of both unconsolidated and consolidated financial statements.
According to information available from the Pakistan Stock Exchange (PSX), the Board has decided to distribute a final cash dividend of Re. 1 per share, translating to 10% of the share value for the fiscal year. There were no bonus or right shares distributed this year.
The PSX registered a significant upturn in its financial performance compared to the previous year. The unconsolidated net profit soared to Rs. 1.03 billion, a stark increase from Rs. 219.79 million reported in 2023. Similarly, consolidated net earnings also saw a rise, marking Rs. 1.03 billion against Rs. 219.59 million from the previous year.
In terms of revenue streams, income from exchange operations doubled to Rs. 1.02 billion in 2024 from Rs. 510.15 million in 2023. Mark-up and interest income along with rental income from investment properties also contributed positively to the financial uplift.
Operating costs, predominantly administrative expenses, stood at Rs. 2.00 billion, a slight increase from Rs. 1.57 billion in the previous year. Despite higher costs, operational efficiency improvements were evident as the operating profit rebounded to Rs. 112.85 million from a loss of Rs. 109.86 million in 2023.
The 77th Annual General Meeting of PSX is scheduled for October 28, 2024, and the entitlement will be paid to shareholders listed as of October 21, 2024. Share transfer books will remain closed from October 22 to October 28, 2024.
The financial statements and additional details regarding PSX’s annual performance will be available through the PUCARS system, ensuring transparency and accessibility for all stakeholders.