PSEL debt restructuring a success

MG News | October 04, 2023 at 01:02 PM GMT+05:00

0:00

October 04, 2023 (MLN): The management of Pakistan Services Limited (PSX: PSEL) has informed PSX that the company has successfully implemented restricting/ deferment agreements related to its long-term loans/ borrowings with its respective lenders.

PSEL is principally engaged in the hotel business and owns and manages the chain of Pearl Continental Hotels.

The company also owns one small-sized property in Lahore operating under the budget hotel concept.

At the time of writing, the company’s share is being traded at Rs701.15, down by around 30 rupees or 4.08% compared to the previous close.

It is important to mention that PSEL has reported a massive consolidated loss of Rs1.76 billion in FY23, compared to a loss of Rs399.52 million reported in FY22.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	153,899.60 201.85M	0.76% 1159.23
ALLSHR	92,298.58 342.61M	0.48% 440.11
KSE30	46,670.54 91.96M	0.97% 446.92
KMI30	222,173.91 84.17M	1.39% 3042.99
KMIALLSHR	59,988.28 190.74M	0.61% 362.99
BKTi	41,966.33 31.74M	-0.33% -138.13
OGTi	32,130.25 10.97M	0.16% 52.39

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	71,330.00	71,490.00 70,145.00	595.00 0.84%
BRENT CRUDE	101.55	104.35 100.51	1.61 1.61%
RICHARDS BAY COAL MONTHLY	99.40	0.00 0.00	-11.50 -10.37%
ROTTERDAM COAL MONTHLY	123.30	0.00 0.00	4.30 3.61%
USD RBD PALM OLEIN	1,083.50	1,083.50 1,083.50	0.00 0.00%
CRUDE OIL - WTI	90.54	92.29 88.50	2.41 2.73%
SUGAR #11 WORLD	15.42	15.52 15.40	-0.10 -0.64%