PTCL Posts Strong Results for First Half of 2014

PTCL_Logo

Pakistan Telecommunication Company Limited (PTCL), yesterday announced strong second quarter results riding on the back of its growing fixed and wireless broadband business.

PTCL announced revenues of Rs 42.85 billion for first six months of current fiscal year that ended June 30, 2014, up from Rs. 39.98 billion during same duration last year, while gross and net profit of the Company stood at Rs. 15.3 (up from Rs. 13.63 billion during same period last year) and 6.9 billion (up from Rs. 6.29 billion during same period last year) respectively.

The Board of Directors has declared 10% interim cash dividend.

PTCL cash flows remain healthy and stable due to the consistent growth in the subscriber base and strong market position.

PTCL Group earned revenue of Rs 68.5 billion during the reported period, showing an increase of 5% over the same period last year. Net profit of Rs. 8.2 billion was recorded, while gross profit was recorded at Rs. 25.6 billion, an increase of 7% over last year.

Check below PTCL’s financial results that are shared with Karachi Stock Exchange:

PTCL_Report

Walid Irshaid, President & CEO PTCL expressed his pleasure at the strong performance of the company adding that, “Our robust second quarter results again demonstrated the ability of our diversified line of business to perform to the expectation of our shareholders”.

“Despite intensified competition in the telecom market, we have continued to outperform and raise the bar even further for the industry to follow. The growth primarily stems from growing broadband portfolio, while support to the bottom-line also came from improved corporate services portfolio, which has seen a significant increase,” added Walid Irshaid.

Tech reporter with over 10 years of experience, founder of ProPakistani.PK


  • Ahmad

    Awam ka khoon choos ker dollars akhatay ker rahe hen sb harami

    • Khan

      ha ha mere zihan mein bhi yehi words aye awam ka khoon choos choos kar “

  • saqib mufti

    PTCL is a ghost Network. I, personally suffered from PTCL behave. Poor infrastructure, Helpline Service.

  • Eli Ehsan

    A terrestrial telecom provider with those hideous numbers in the column of PPE?! who’re they fooling? #Ohwait its us….

  • Mian Wattu

    The figure are fictitious as the statement shows exaggerated figure after window dressing has been tabulated as liabilities have not been booked accurately just to present a rosy picture of a dooms day scenario. Because of poor performance of HR number of court cases has risen manifold. The Chief of HR should be fired immediately

  • Mian Wattu

    Mr. Walid Irshaid should work as drama writer instead of heading PTCL a Pakistani national asset, which has is trying to make a sinking ship by extorting money through immoral/illegal means as he is not clearing pending liabilities in order to maximise his masters profits

  • ALTAF

    hello sir STO sub i live in sialkot our phone have last 2 month problem but not coming for repairs man all village phone do work only my phone not doing work what problem i am more calling persons and complan office but do repair my phone my phone number 0092523206427

  • Zubair Gu

    Someone plz kill HR manager of PTCL