SPLC boosts cash position to Rs101.86m to pay off COI holders

MG News | July 07, 2023 at 04:03 PM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

July 07, 2023 (MLN): Saudi Pak Leasing Company Limited (PSX: SPLC) has managed to augment its cash position up to Rs101.86 million in order to pay off the Certificate Of Insurance (COI) holders as early as possible, the company’s latest filing on PSX revealed today.

Of the total balance, the company made a cash recovery of Rs88.73m in the fiscal year 2022-23, comprising a sum of Rs0.4m during the reporting period of June 2023.

In addition to the above, an amount of Rs7.10m has been received as dividends, Rs2.34m profit from treasury bills, and Rs3.68m received as profit from bank’s deposit.

“As far as disinvestment is concerned, our major shareholders M/S SAPICO on our query appraised us that the latest update is the same as intimated in their previous months’ progress,” the notice further reads.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	178,827.32 56.41M	0.32% 564.98
ALLSHR	108,132.58 139.76M	0.27% 295.14
KSE30	53,539.03 17.08M	0.36% 191.36
KMI30	252,984.84 21.61M	0.59% 1474.48
KMIALLSHR	69,438.70 74.04M	0.38% 264.84
BKTi	51,119.66 4.29M	0.11% 54.93
OGTi	35,413.31 0.90M	0.47% 164.89

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	63,280.00	64,810.00 63,035.00	-1685.00 -2.59%
BRENT CRUDE	87.31	88.06 86.40	-1.05 -1.19%
RICHARDS BAY COAL MONTHLY	105.75	0.00 0.00	-1.55 -1.44%
ROTTERDAM COAL MONTHLY	120.00	120.00 120.00	-0.25 -0.21%
USD RBD PALM OLEIN	1,175.00	1,175.00 1,175.00	0.00 0.00%
CRUDE OIL - WTI	81.65	82.24 80.60	-0.96 -1.16%
SUGAR #11 WORLD	14.56	14.75 14.54	-0.21 -1.42%