PTCL earns Rs. 58.96 bil­lion rev­enue in 1H

The Pak Banker - - NATIONAL - Mazhar Ab­bas

Pak­istan Telecom­mu­ni­ca­tion Com­pany Lim­ited (PTCL), the coun­try's lead­ing ICT ser­vices provider, has an­nounced its fi­nan­cial re­sults for half year ended June 30, 2016 at its Board of Di­rec­tors meet­ing held in Islamabad on 19th July 2016.

In the meet­ing, the Board of Di­rec­tors has de­clared 10% in­terim cash div­i­dend to the share­hold­ers.

PTCL Group earned Rs. 58.96 bil­lion rev­enue dur­ing the first half of 2016 whereas PTCL's rev­enues were Rs. 36.2 bil­lion dur­ing the pe­riod. DSL broad­band rev­enues in­creased com­pared with same pe­riod last year.

How­ever, rev­enues from Voice ser­vices re­mained sup­pressed mainly due to dereg­u­la­tion of ICH. PTCL oper­at­ing ex­penses dur­ing the pe­riod were re­duced by 4% com­pared with same pe­riod last year due to ef­fec­tive cost op­ti­miza­tion mea­sures in place. Net profit of the Com­pany stood at Rs. 5.6 bil­lion. Although the Pak­istan Telecom­mu­ni­ca­tion Com­pany Lim­ited (PTCL) Group's net profit be­fore tax was in­creased by 34% com­pared with same pe­riod last year mainly on ac­count of in­creased oper­a­tional ef­fi­ciency of PTCL Group, the net profit af­ter tax showed slight de­crease of 2% due to in­creased new tax charge on ac­count of 8% min­i­mum tax re­quire­ments which was ac­counted for in the fi­nan­cial re­sults of half year 2016. PTCL re­mains com­mit­ted to pro­vide cut­ting-edge ICT prod­ucts and ser­vices to its di­ver­si­fied ar­ray of con­sumer base through­out the coun­try at com­pet­i­tive prices us­ing its vast com­mu­ni­ca­tion in­fra­struc­ture ca­pa­bil­i­ties avail­able across Pak­istan."

Newspapers in English

Newspapers from Pakistan

© PressReader. All rights reserved.