PSX declares 43% fall in annual profit

PSX declares 43% fall in annual profit

Pakistan Stock Exchange (PSX) on Thursday announced a decline of 43 per cent in profit for year ended June 30, 2022.

According to financial results for the year 2021/2022 released by the stock exchange, PSX declared a net profit of Rs399 million for the year ended June 30, 2022 as compared with Rs396 million in the preceding year.

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The apex stock market in Pakistan announced earnings per share at 50 paisas for the year under review as compared with 87 paisas in the preceding year.

The board of directors of PSX met on September 21, 2022 and approved the annual audited financial statement for the year ended June 30, 2022.

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According to the results, revenue of the exchange was flat at Rs1.43 billion for the year ended June 30, 2022 as compared with Rs1.46 billion in the preceding year.

Out of the revenue, the PSX received an amount of Rs682 million as listing fee and Rs607 million from exchange operations during the year.

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Administrative cost of the exchange increased to Rs1.42 billion for the year ended June 30, 2022 when compared with Rs1.37 billion in the preceding year.

The PSX paid an amount of Rs61.43 million as tax for the year under review as compared with Rs26.2 million in the preceding year.

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