DSML in process to recover balance amount from buyer

News Image

MG News | July 06, 2022 at 02:03 PM GMT+05:00

0:00

July 06, 2022 (MLN): Dar es Salaam Textile Mills Limited (PSX: DSML) informed on Wednesday that the management is concentrating on the recovery of the balance amount of the sale price regarding the successful disposal of the factory premises and the settlement of financial obligation thereof.

To note, on April 4, 2022, the company announced the disposal of the factory premises comprising land & building at the desired price.

The latest progress report of the company said that the recovery of the balance amount is being pursued and it is expected that the buyer would clear the account within the next 30 to 45 days,

Once the balance of the amount is fully recovered, the management will be in a better position to implement the envisaged business plan, it added.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 163,304.13
424.61M
-0.78%
-1286.28
ALLSHR 99,380.97
1,038.42M
-0.94%
-946.44
KSE30 49,842.51
138.16M
-0.73%
-367.30
KMI30 238,104.17
78.33M
-0.14%
-327.97
KMIALLSHR 65,590.95
485.77M
-0.66%
-435.42
BKTi 45,705.29
72.87M
-2.08%
-972.73
OGTi 32,671.23
13.00M
-0.23%
-74.93
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 110,990.00 112,355.00
109,820.00
570.00
0.52%
BRENT CRUDE 65.69 66.78
65.41
-0.30
-0.45%
RICHARDS BAY COAL MONTHLY 80.50 0.00
0.00
-1.05
-1.29%
ROTTERDAM COAL MONTHLY 92.60 0.00
0.00
0.10
0.11%
USD RBD PALM OLEIN 1,082.50 1,082.50
1,082.50
0.00
0.00%
CRUDE OIL - WTI 61.44 62.59
61.21
-0.35
-0.57%
SUGAR #11 WORLD 14.97 15.34
14.93
-0.32
-2.09%

Chart of the Day


Latest News
October 24, 2025 at 05:12 PM GMT+05:00

AGP limited profit soars 80% in 9MFY25


October 24, 2025 at 05:06 PM GMT+05:00

PSX Closing Bell: Fading Out on Friday


October 24, 2025 at 04:38 PM GMT+05:00

Searle company triples Q1 profit to Rs853.5m


October 24, 2025 at 04:30 PM GMT+05:00

Lalpir Power's 9MFY25 performance reverses to loss



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg