Pakistan Stock Exchange declares 132% surge in net profit for first half

Pakistan Stock Exchange declares 132% surge in net profit for first half

KARACHI: The net profit of Pakistan Stock Exchange (PSX) has surged by 132 percent during six-month period ended December 31, 2019.

The stock exchange announced its half year results for the period ended December 31, 2019 on Wednesday.

The net profit of the market increased to Rs120.5 million during July – December 2019 as compared with Rs51.88 million in the corresponding period of the last year.

It declared basic and diluted earnings per share at Re0.15 for the first half under review as compared with EPS of Re0.06 in the same half of the last year.

Revenue under licensing fee increased to Rs201 million during July – December 2019 as compared with Rs169.87 million in the same period of the last year.

Mark-up/interest income of the market increased to Rs78.66 million as compared with Rs62.82 million in the same period of the last year.

Administrative expenses of the stock market slightly reduced to Rs559.21 million in first half of the current fiscal year as compared with Rs578 million in the corresponding half of the last fiscal year.

The PSX received Rs185.83 million as income from share of profit from associates during six months period ended December 31, 2019.