The Pakistan Telecommunication Company Limited (PTCL) has announced a net profit of Rs. 4.22 billion for nine-month period ended on March 31, 2012 which was 15 percent lower than Rs. 4.97 billion recorded in corresponding period last year.

PTCL said that it gained net profit of Rs. 1.4 billion in its third quarter for FY2011-12 alone, while revenues for the quarter grew 11.3 percent when compared to same duration last year.

According to the PTCL BoD announcement, PTCL’s group revenue stood at Rs. 28.3 billion during the period under review, showing a growth of 9.7% over FY2010-2011. Of this, PTCL’s revenue was Rs. 14.8 billion.

Accordingly, the profit translated into earning per share (EPS) of Rs 0.83 against Rs 0.97 in 2011, said profit and loss accounts of the company available with Karachi Stock Exchange.

Furthermore, after a gap of three-years PTCL has skipped dividend with March results. Since 2009 the company has been paying dividend in March quarter as against the common practice of paying dividend with full year announcement, he added.

“PTCL’s profits and revenue growth during third quarter of FY2011-12 is a strong indicator of our dynamic corporate direction as well as our customers’ continued satisfaction and trust,” said PTCL CEO & President, Walid Irshaid, following a meeting of the company’s Board of Directors held here today, which announced the Company’s nine-months  financial results for the period ending March 31, 2012.

“We are constantly innovating and improving our customer experience,” said Mr. Irshaid, while recounting the successes of PTCL’s most recent business offerings. “We strongly believe that PTCL will remain the market leader and a service provider of choice throughout Pakistan for providing cutting-edge integrated telecom solutions to our customers.”