Karachi, Pakistan Stock Exchange Limited (PSX) announced today that its Board of Directors has approved the financial statements for the third quarter ended March 31, 2024. The meeting, held at 01:00 p.m. at the Registered Office and via video conferencing, confirmed that there will be no cash dividend, bonus shares, or rights shares issued.
For the nine months ending March 31, 2024, PSX reported substantial increases in several revenue streams on an unconsolidated basis. Listing fee revenue rose to 577,016 thousand Rupees from 526,021 thousand in the same period last year. Income from exchange operations nearly doubled to 756,300 thousand Rupees from 399,629 thousand. Mark-up or interest income and rental income from investment property also saw significant gains. However, administrative expenses increased to 1,460,609 thousand Rupees, leading to an operating profit of 137,612 thousand Rupees, a turnaround from the previous year's loss of 70,161 thousand Rupees. The company's profit before taxation surged to 848,854 thousand Rupees, up from 204,271 thousand Rupees in the prior year, resulting in a profit after taxation of 778,166 thousand Rupees.
On a consolidated basis, the financial performance closely mirrored the unconsolidated results, with slight variations in administrative expenses and operating profit. Overall, consolidated profit before taxation was 848,730 thousand Rupees, and profit after taxation stood at 778,042 thousand Rupees.
The third quarterly report of PSX will be transmitted separately through the Pakistan Unified Corporate Action Retrieval System (PUCARS) within the specified timeframe.