Pak Suzuki Motor Company Limited (PSMC) disclosed a significant cyber attack that resulted in the leakage of corporate data, including HR and financial information. The automaker, which has been facing financial challenges, reported a massive loss after tax of Rs. 10 billion in 2023—a 50% increase from the previous year.
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Pak Suzuki Motor Company Limited (PSMC) has announced a significant financial setback, reporting a staggering loss after tax (LAT) of Rs. 10 billion for the year ending December 31, 2023 (CY23). This marks a concerning 50% increase compared to the Rs. 6.3 billion loss reported in the previous year.
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As 2024 kicks off, Pak Suzuki is rolling out irresistible offers on popular models like Wagon R and Swift! For Wagon R enthusiasts, a whopping Rs. 100,000 'Purchase Bonus' awaits, and if you're ready to trade in your old ride, enjoy an additional Rs. 200,000 'Exchange Bonus'! 🌟🎉 Meanwhile, Swift lovers can grab their dream car with an irresistible 'Purchase Bonus'! 🚗💨
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Pakistan's leading automaker Pak Suzuki seeks to delist from the PSX. Majority shareholder SMC proposes buying out all remaining shares from minority shareholders at Rs. 406 per share, aiming for complete ownership and potential delisting. Reasons include recent losses, lack of dividends, and potential for efficiency gains under sole ownership. Minority shareholders offered a fair exit opportunity with the proposed buyout price.
The MES Times