PTCL Likely to Post Net Profit of Rs 7.7b

PTCL is likely to post net profits of Rs 7.7 billion (EPS Rs1.52) for 9M (Jul-Mar) FY09, versus net loss of Rs 6.6 billion (Loss per share Rs1.29) in 9MFY08, reports ‘The Nation’.

The Telecom Company is expected to announce its 9M (Jul-Mar) FY09 results in its press briefing to be held today (Thursday) at a local hotel in city.

Experts said that the main reason for the sharp turnaround in profitability is the one off Voluntary Separation Scheme (VSS) provisioning amounting to Rs23.2b carried out in the corresponding period last year. Excluding VSS cost, profits of the company are expected to depict a fall of 9pc YoY.

Despite increase in revenues post revision of Access Promotion Contribution and lower payroll costs, earnings are likely to remain under pressure due to significantly higher financial charges. Farhan Rizvi, a telecom analyst, observed that PTCL revenues would rise to Rs46b – a growth of 5pc YoY. Moreover, reduction in payroll cost on account of VSS will help keep operating cost largely stable.

In contrast, due to exchange losses, financial charges are expected to rise to Rs1.1b, up 135pc YoY. Moreover, other income of the company is expected to decline by 13pc to Rs3.0b due to lower cash balances post huge VSS payoff last year. Going forward, recent revisions in international interconnection charges along with growth in the broadband segment will continue to support revenues. Moreover, despite intense competition and slowdown in the cellular growth, Ufone continues to be one of the top performers amongst cellular companies, which bodes positive for future dividend income of PTCL.

Via [The Nation]

  • Profit tou ho ga, line rent bhi latey hain (Rs.174) orr uss pe tax bhi lagaty hain @21%.Zulm ki inteha, isss dour mian jahan mobile Sim 100 Rs main mil jati hai and no rent at all, call charges bhi too low.
    Khuda k liye ab tou line rent khatam ker do yaarrrr!!!

  • haha 7 billion profit kisai na ho akhir itne loog PTCL use ker rahe hai ya aur baat hain ka customer ka rights limited hain, customer ka fone dead hai toa ho be hume kia at the end of the month hume toa bill mill he jana hai.

    Customer ka dsl kai maah sai band hain toa hume kia 1200, 2000 rs toa pake hain customer ko be next month khush ker le ge abi aik month apni jaib he bhar le.

  • Ais say kaheen ziyada munafa tu PTCL aus waqat bhi kamati thi jab tamam mulazmeen mojood thy aab tu sirf dekhawa reh gaya hai wasay hum tu hain hee ghulamoo ki aulat jitna bar dal do autha lain gaay.

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