PTCL says that it has achieved a profit after tax of Rs 9.151 billion in financial year 2008-09 against a loss of Rs 2.82 billion in the previous year.
Earning per share (EPS) came to Rs 1.79 compared to loss per share (LPS) of Rs 0.55 for FY08. The loss incurred last year was attributed mainly to a one-time spending on account of the Voluntary Separation Scheme (VSS). The company’s operating profit stood at Rs 10.75 billion as compared to Rs 16.36 billion last year, a decline of 34.2 per cent year-on-year. Other operating income increased by 7.82 per cent to Rs 4.26 billion against Rs 3.95 billion last year.
Though the company posted a profit, shrinking fixed-line subscriber base owing to a change to mobile communications and inclination towards wireless local loop they were causing an overall decline in revenues. Fixed-line teledensity in FY09 stood at 2.20 per cent with total subscribers at 3.60 million against 2.60 per cent teledensity in FY08 and a subscriber base of 4.42 million.
The fall in revenues on the fixed line front is offset for the most part by international revenues and the broadband segment. In FY09 PTCL’s total broadband subscriber base stood at 200K as compared to just 56K in FY08.
Broadband revenues swell by 200pc, though the segment remains a minor contributor to the overall top line.
Via The News
The company made so much profit (over Rs9.0 billion) and yet fired so many good workers at 5 minutes notice. That is the height of cruelty. The Management should be held accountable for this and for “terrorising” all employees with the constant thought that they could be fired the next minute. If people don’t have job security their performance goes down. PTCL should reinstate all fired employees. Allah kay ghar mein deir hay par andher nahee.
Ur right…….There is so much frustration among the employees….Actually PTCL is like a man with Big Head and thin Legs……..The highups are getting heavy salaries(3-10 lakhs per month)(the chairman gets 7.6 million per month) while the real workforce .i.e. the engineers are getting far less than what they are promised when hired.
No promotions……..No increments…….No proper Benefits………
And one more thing, it seems the HR is taking over the company…So much salary differences between there and engineer’s pays.Why don’t the highups understand that the Core of the Company is the Engineering Department and not HR………
How can an Employee work whole heartedly if he is not satisfied?
Well lets wait and see………..THE COURT WILL BRING THEM TO THEIR SENSES……..
i agree that ptcl profit increase i m also ptcl employee profit increse ,because we worked hard for company we r not sit in bedrooms we worked in field in hotest days ,,,,but salary ,,,,what i say i cant explain ,,,
how do they get this much profit, being a user of land line of PTCL I must say that without knowledge of innocent Pakistani’s PTCL workers are giving them facilities like Net connection, answering machine connection, wakeup call services and what so ever they have, only the user’s are fighting with each other at home that you might have made more calls that’s why the bill is coming in thousands every month. People must go to check their line facilities and PTCL must call the owner that your telephone has this much facilities which is costing this much. Do you think this is useful information for users or ?
Etisalat has cheated people of Pakistan. We worked hard for about 19 years, never took a single penny out of the way. Never been a part of PCO mafia, Meter Mafia, Accounts Mafia and STD Call Mafia (during and after the EMD era). But, finally what we get ? Threats and Black mailings?
No Pension, No Medical….?
We were pushed to opt VSS by creating a panic. The VSS was offered during “emergency” of Pervaiz Musharraf. No Judiciary, No hope for justice, No sign about our secure future in PTCL. We took VSS because of the blindness or Fog about future. PTCL unions (CBA or NON-CBA) have ever been pocket unions. Now, God will see them for what they have done to us.
We have filed a court case against PTCL management. You are requested to pray for us to get justice. Thanks.
and still PTCL is not Strike, really strange for me
lol