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	151,973.00 479.70M	-9.57% -16089.17
ALLSHR	91,178.86 800.22M	-9.20% -9239.97
KSE30	46,326.47 200.60M	-9.73% -4995.92
KMI30	212,170.17 176.87M	-9.84% -23154.95
KMIALLSHR	58,382.38 455.91M	-9.19% -5909.79
BKTi	44,306.03 79.95M	-9.79% -4809.39
OGTi	29,106.80 28.46M	-9.93% -3209.99

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	66,185.00	67,760.00 64,325.00	-1640.00 -2.42%
BRENT CRUDE	71.88	71.96 70.69	0.12 0.17%
RICHARDS BAY COAL MONTHLY	96.00	0.00 0.00	-3.50 -3.52%
ROTTERDAM COAL MONTHLY	107.95	107.95 107.95	0.30 0.28%
USD RBD PALM OLEIN	1,071.50	1,071.50 1,071.50	0.00 0.00%
CRUDE OIL - WTI	66.60	66.67 65.38	0.12 0.18%
SUGAR #11 WORLD	14.05	14.10 13.78	0.18 1.30%