Salman Noman Enterprises continues to explore revival options

MG News | October 02, 2024 at 01:50 PM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

October 02, 2024 (MLN): Salman Noman Enterprises (PSX: SANE), following the closure of its operations, is actively pursuing different options for the revival of the company, a progress report of the company for Q3CY24 revealed on Wednesday.

The company's ongoing legal disputes with its banking partners have created significant operational delays.

Additionally, Salman Noman attributed its non-operational status to the volatility in the market, influenced by fluctuating economic indicators and changing consumer behavior.

The broader economic landscape continues to pose challenges, with inflationary pressures and reduced consumer spending impacting our revenue streams, it said.

The company further said that while the current landscape presents significant challenges, the management team remains committed to overcoming these obstacles and restoring full operational capacity.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	179,927.05 365.01M	-1.27% -2314.73
ALLSHR	109,270.69 838.76M	-1.19% -1312.98
KSE30	53,705.71 89.34M	-1.33% -726.00
KMI30	253,531.92 109.38M	-1.32% -3382.29
KMIALLSHR	70,152.63 543.97M	-1.25% -888.68
BKTi	50,997.50 18.73M	-1.38% -715.26
OGTi	36,216.08 8.18M	-1.21% -443.50

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	62,220.00	62,310.00 61,925.00	-130.00 -0.21%
BRENT CRUDE	83.32	83.86 77.28	7.31 9.62%
RICHARDS BAY COAL MONTHLY	105.75	0.00 0.00	-1.15 -1.08%
ROTTERDAM COAL MONTHLY	119.35	119.35 119.35	2.00 1.70%
USD RBD PALM OLEIN	1,135.00	1,135.00 1,135.00	0.00 0.00%
CRUDE OIL - WTI	79.07	79.14 77.86	0.93 1.19%
SUGAR #11 WORLD	14.76	14.98 14.62	-0.12 -0.81%