Symmetry Group secures four crucial contracts in 1QFY24

MG News | October 10, 2023 at 11:47 AM GMT+05:00

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October 10, 2023 (MLN): Symmetry Group Limited (PSX: SYM) has acquired/retained four crucial contracts during the first quarter of the financial year 2023-24 that are expected to generate a minimum revenue of Rs150 million, the company’s filing on PSX revealed today.

The contracts are also anticipated to generate additional revenues, other than the retainer.

The four contracts acquired/retained by the company are;

Customer	Location	Currency	Term
Jazz (Pakistan Mobile Communications Limited)	Pakistan	PKR	3 years
Summit Bank Limited	Pakistan	PKR	1 year
Mobilink Microfinance Bank Limited	Pakistan	PKR	1 year
Hummingbird International LLC — USA	USA	USA	1 year

It is pertinent to note that SYM has entered into an agreement with Hummingbird International LLC USA to provide Transformation Services.

This contract is also expected to generate an additional revenue of Rs70 million ($250,000) in FY2023 -24.

"Symmetry Group Limited is committed to continuous improvements and delivering value to its shareholders." the notification further reads.

At the time of writing, the company's share is being traded at Rs3.86, up by 14 paisa or 3.76% compared to the previous close.

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