Ufone recorded outstanding growth of 57 percent in profits and 14 percent in revenues because of substantial cost savings in the financial year 2010-11 , Pakistan Telecommunication Limited (PTCL) annual report said.
According to Telecom Recorder estimates, Ufone profits increased to Rs 2.66 billion whereas revenues surged to Rs 56 billion in the financial year 2010-11 ended on June 30. Compared to the previous year, the earnings per share (EPS) increased to Rs. 6.36 from Rs. 5.20 of last year.
Annual report said that in spite of adverse economic conditions hampering growth in the country, Ufone continued to modernize its network with various upgrades and improve effectiveness of the supply chain resulting in superior quality of customer service.
These measures, inter-alia, encompassed initiatives like aggressive network co-location saving sizeable amounts of CAPEX and implementation of 1-SIM concept in the regions reducing inventory management complexities. Also, the customers were further facilitated by expanding IVR, USSD and Online Self Care based platforms with re-engineered processes reducing turnaround time.
PTCL’s financial report unveiled that there are currently 25,000 “Ushops” and “Ustars” serving the customers, which by far is the largest and most effective network of sales and service points in Pakistan.
You can download PTCL’s annual report for year 2011 by clicking below links:
- PTCL Annual Report for year 2011 (PDF File – 500 KB)
- PTCL Financial Statements For the year ended June 30, 2011 (PDF – 2 MB)