PTCL Earned Rs. 100 billion During 9 Months of FY 2013

Islamabad (October 26, 2013): Pakistan Telecommunication Company Limited (PTCL), the largest ICT services supplier in the country, has announced coalesced revenues of Rs. 100.5 billion for nine months period ended on September 30, 2013.PTCL earns Rs. 100 billion during 9 months of FY 2013

The financial results for the period ended Sep 2013 were announced nowadays at the Company’s Board of Directors (BoD) meeting held in Islamabad.

PTCL group posted a revenue growth of 16% with Net Profit numbering to Rs.11.3 billion for the period under review, while Gross Profit stood at Rs.35.98 billion.

PTCL’s revenue stood at Rs.60.7 billion and demonstrated a significant increase of 31%, with Net Profit standing at Rs.9.3 billion, while Gross Profit was recorded at Rs.20.8 billion.

Walid Irshaid, President & CEO PTCL expressed his pleasant at this strong performance of the company adding that, “Our results reflect the strength of our business model and strong commitment of our team. Our business decisions are geared toward adding value for our stakeholders while continuously seeking avenues for innovation in terms of our products and service offerings”

“PTCL is on a growth trajectory and our grosses are increasingly being driven from broadband services. We have been investing heavily to build broadband infrastructure over the last two years and this investment has started to bring dividends”, added Walid Irshaid.

The company continues to increase its market share in both wireline and wireless broadband as well as specialized telecom solutions segments by bringing in state-of-the-art products and unmatched affordable services. PTCL is also steadily bringing ICT services to urban and rural areas of the country.