Reporter PK

PTCL earns net profit of Rs.1.4 billion in 3rd quarter

PTCL earns net profit of Rs.1.4 billion in 3rd quarter

Pakistan Telecommunications Company Limited (PTCL) has gained net profit of Rs.1.4 billion in its third quarter earnings for FY2011-12 for the period ending March 31, 2012, while also showing a growth of 11.3% in revenue.

“PTCL’s profits and revenue growth during third quarter of FY2011-12 is a strong indicator of our dynamic corporate direction as well as our customers’ continued satisfaction and trust,” said PTCL CEO & President, Walid Irshaid, following a meeting of the company’s Board of Directors held here today, which announced the Company’s nine-months  financial results for the period ending March 31, 2012.

“Through optimal use of resource, we want to achieve enhanced revenue, greater levels of customer satisfaction, as well as improve our shareholders’ value,” said Mr. Irshaid.

According to the PTCL BoD announcement, PTCL’s group revenue stood at Rs.28.3 billion during the period under review, showing a growth of 9.7% over FY2010-2011. Of this, PTCL’s revenue was Rs.14.8 billion.

Despite the economic challenges faced byPakistan, PTCL has remained strong throughout 2011-2012 in emerging segments of Broadband in Wire-line as well as Wireless, and other corporate services.

PTCL was declared the leading operator inPakistanby PTA’s 2011 Quality of Service survey for providing the highest quality Broadband Internet service to consumers. PTCL was declared the ‘Best South Asian Telecom Operator 2011’ by the global telecommunications forum, SAMENA.

“We are constantly innovating and improving our customer experience,” said Mr. Irshaid, while recounting the successes of PTCL’s most recent business offerings. “We strongly believe that PTCL will remain the market leader and a service provider of choice throughoutPakistanfor providing cutting-edge integrated telecom solutions to our customers.”

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