Pakistan Telecommunication Company Limited has announced its financial results for the quarter ended June 30, 2024, whereby it posted a revenue of Rs. 26.7 billion, up 12 percent year-on-year compared to a revenue of Rs. 23.9 billion in the same period last year.
The company didn’t announce any dividend payouts to its shareholders for the period in review.
The company’s profits were down to Rs. 705 million, down by 55 percent as compared to Rs. 1.50 billion recorded in the same period last year.
The cost of services increased by 10 percent YoY to Rs. 19.98 billion compared to Rs. 18.1 billion.
The gross profit increased by 17 percent YoY in April-June to Rs. 6.78 billion. Meanwhile, the operating profit improved by 20 percent YoY from Rs. 2.2 billion to Rs. 2.7 billion.
The other income increased by 28 percent YoY to Rs. 4 billion.
Please note that these are company results and group results will be shared later after one of the subsidiaries finalizes its results.
The company posted earnings per share (EPS) of Rs. 0.14 for the quarter compared to an EPS of Rs. 0.13 in the same period last year.
Its scrip at the bourse closed at Rs. 12.93, down 5.62 percent or Rs. 0.77 with 9.5 million shares on Friday.
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All going to pocket of UAE government . Profitable PTCL was given away basically free by musharaf
While I do believe that Musharraf’s decision of selling PTCL was Wrong (I think at that time; early 2000s PTCL was loss making entity) but UAE govt only gets 26% of the profits and Management control. Pakistan Govt. still holds 62% shares in PTCL.
admin please approve my comment. Your site’s comment moderation is Garbage btw
Revenue up. Services down (as usual).
It is due to increased and forced tariff rate on subscribers.
PTCL should give discount on its Wi fi (Intenet users) and domestic calls. One can evaluate its growth by charging while calling 1218 (subscriber has to pay for this free service) shame to PTCL