PTCL Posts Rs.3.33 Billion Profit for Q1 2013

PTCL-logo2Pakistan Telecommunication Company Limited posted Rs. 3.33 billion profit for the first quarter ending March 31st, 2013, up from Rs. 2.39 billion during the same period last year, registering a whooping 39.22 per cent increase, all thanks to increased international incoming call rates.

PTCL said that its revenues stood at Rs. 32.18 billion, showing an increase of 13.89 percent in the first quarter when compared with Rs. 28.25 billion during the same period last year.

PTCL, in its notice sent to Karachi Stock Exchange, said that selling and marketing expenses were recorded at Rs.1.99 billion in first quarter of 2013, slightly lower than Rs.2.01 billion during the same duration last year.

The company has declared Rs.0.65 earning per share (EPS) in the current year against Rs.0.47 EPS of the last year.

According to the result announced by PTCL, neither cash dividend nor bonus was announced by the company for first quarter of 2013.

Analysts say that this surge in profit is still falling short of expectations (Rs. 4.1 billion or EPS of Rs. 0.82) due to lower revenues from international incoming calls.