Economy

PSX profit declines sharply 27 percent

KARACHI, February 21, 2019: Profit of the Pakistan Stock Exchange (PSX) has posted a drastic decline of 27 percent during the first half of this fiscal year (FY19).

According to financial results, PSX posted a profit after tax of Rs 51.8 million in July-Dec of FY19 compared to Rs 71.21 million in same period of last fiscal year (FY18), showing a declined of 27 percent or Rs19.33 million.

During the period under review, with an increase of 34 percent operating losses of the company sharply increased from Rs 85 million to Rs 129.7 million.

With lower profit, taxation of the PSX also declined 90 percent to Rs 4.7 million in July-Dec of FY19 down from Rs 45.21 million in corresponding period of last fiscal year.

 

Earning Per Share stood at Rs 0.06, of which the board of directors has not recommended any incentives i.e. cash dividend or bonus shares for the shareholders.

 

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