KARACHI: Pakistan Stock Exchange (PSX) on Tuesday reported 42 per cent drop in after tax profit for first half (July – December) fiscal year 2022-2023.
The net profit after taxation fell to Rs158.38 million for the first half of fiscal year 2022-2023 as compared with Rs272.36 million in the corresponding half of the last fiscal year.
READ MORE: MCB Bank expects up to 200 basis points increase in benchmark interest rate
The stock exchange declared announced 20 paisas as earnings per share (EPS) for the period as compared with EPS 34 paisas in the same period of the last year.
The board of directors of the PSX in a meeting held on February 20, 2023 approved the half yearly financial statement of the stock exchange for the period ended December 31, 2022.
READ MORE: Court rejects bail application of CEO Hascol Petroleum
Total revenue of the stock exchange recorded a fall to Rs729.60 million for the half year ended December 31, 2023 when compared with Rs749.75 million in the same half of the last year.
Out of total revenue, listing fee increased to Rs352.47 million during January – December 2022 when compared with Rs336.45 million in the corresponding period of the last year.
READ MORE: JV formed for 330MW coal-fired power generation under CPEC
Administrative cost of the stock exchange increased to Rs786 million for the period under review when compared with Rs696.27 million in the same period of the last year.
The PSX paid Rs20.47 million as tax during the first half of the current fiscal year as compared with Rs54.73 million in the same period of the last year.
READ MORE: Standard Chartered Bank Pakistan posts record Rs50 billion profit before tax