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MarketScreener Homepage  >  Equities  >  The Pakistan Stock Exchange  >  Pakistan Services Limited    PSEL   PK0008501014

PAKISTAN SERVICES LIMITED

(PSEL)
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Pakistan Services : Financial results of Pakistan Services Limited for Quarter ended March 31, 2020

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04/30/2020 | 03:27am EDT

Pakistan Services Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on April 29, 2020.

The agenda of the meeting was discussion of Unconsolidated profit and loss account for quarter ended March 31, 2020 which portrayed a loss of Rs. 421,721 with loss per share 12.97 basic and diluted respectively.

Further, nil payment of cash dividend, bonus shares and right shares was agreed.

The announcement is available at:

https://dps.psx.com.pk/download/document/146942.pdf

Pakistan Services Limited was incorporated in Pakistan on December 6, 1958 in Karachi as a public limited company. The foundations of the company have been laid under the Companies Act, 1913 now referred to as the Companies Ordinance, 1984. The company is engaged in the hotel business and owns and operates the chain of "Pearl Continental Hotels" in Pakistan. PSL owns six luxury hotels in all major cities of Pakistan. The total capacity of all six hotels is 1,526 rooms which are managed by more than 3000 employees across Pakistan. The shares of the company are quoted on the Karachi Stock Exchange of Pakistan.

The subsidiary of the company is Pearl Tours and Travels Private Limited, Pear Continental Hotels Private Limited, Bhurban Resorts Private Limited and Mustafa International Private Limited.

The "PC" logo is a local brand and a registered trademark owned by PSL. The company has granted the use of its trademark to other hotel operating companies across the country. "Zaver Pearl Continental Hotel" set up in the deep seaport city of Gwadar, Baluchistan owned by a sister concern Hashwani Hotels Limited and upcoming PC Faisalabad Hotel both these hotels have been granted franchise by PSL to use the said trademark. PSL has also granted use of its trademark to another sister concern M/s. Hotel One Private Limited. It is running hotels in different parts of the country namely, Islamabad, Multan, Faisalabad, Sialkot, Bahawalpur and Lahore.

The symbol "PSEL" is being used by the stock exchanges for the shares of Pakistan Services Limited.

© Pakistan Press International, source Asianet-Pakistan

Stocks mentioned in the article
ChangeLast1st jan.
PAKISTAN SERVICES LIMITED 0.00% 990 End-of-day quote.-1.00%
PAKISTAN STOCK EXCHANGE LIMITED 2.15% 10 End-of-day quote.-19.87%
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Financials
Sales 2019 10 232 M 60,9 M 60,9 M
Net income 2019 -1 388 M -8,26 M -8,26 M
Net Debt 2019 14 591 M 86,9 M 86,9 M
P/E ratio 2019 -23,9x
Yield 2019 -
Capitalization 32 199 M 192 M 192 M
EV / Sales 2018 3,81x
EV / Sales 2019 4,67x
Nbr of Employees 3 450
Free-Float 99,0%
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Managers
NameTitle
Sadruddin Hashwani Chairman & Chief Executive Officer
Javed Iqbal Chief Financial officer
Mohammad Akhtar Bawany Executive Director
Bakar Shakir Abu Non-Executive Director
Murtaza Hashwani Non-Executive Director