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PCB revenue will increase 108 p.c in 2019

by Pakistan Latest News Update
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ISLAMABAD – The revenue of Pakistan Cricket Board (PCB) surged by over 108.45 p.c throughout 2019 as in comparison with the earnings of the yr 2018.

The PCB generated a complete of Rs 10.696 billion revenue in 2019 via completely different sources towards the revenue of Rs 5.131 billion witnessed in yr 2018, based on the official doc accessible with APP.

In response to the break up figures, the PCB generated revenue via completely different channels together with excursions and tournaments, sponsorship and logos, return on investments and financial institution deposits and different sources.

The revenue of the board via tournaments elevated by 124 p.c, it mentioned including that it included excursions inside (impartial venues) and out of doors the nation.

An revenue of Rs 9.690 billion was generated via tournaments in 2019 towards the revenue of Rs 4.325 billion within the yr 2018.

The board generated Rs 4.27 and Rs 5.41 billion via excursions inside and outside Pakistan in 2019 respectively as in comparison with that of Rs 964.5 million and Rs 3.360 billion in 2018, respectively.

The revenue via sponsorship and logos elevated by 16 p.c in 2019 when in comparison with the revenue underneath these heads in 2018. The board generated Rs 238.02 million via sponsorship and emblem in 2019 in comparison with Rs 204.99 million in 2018.

The PCB noticed 53 p.c enhance within the revenue via return on investments and financial institution deposits because it generated Rs 707.9 million in 2019 in comparison with Rs 459.eight million in 2018.

Nonetheless, a lower of 80 p.c was witnessed within the rental revenue of the board throughout 2019 as in comparison with 2018 because it went down from Rs 25.37 million in 2018 to Rs 4.874 million in 2019.

Likewise, the board generated Rs 54.Three million via different revenue sources as in comparison with Rs 115.5 million via these sources in 2018, displaying a decline of 52 p.c.



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