Reporter PK

PTCL gains growth in revenue and earns net profit of Rs.2.84 billion in half-year earnings for FY2011-12

PTCL gains growth in revenue and earns net profit of Rs.2.84 billion in half-year earnings for FY2011-12

Pakistan Telecommunications Company Limited (PTCL) has gained net profit of Rs.2.84 billion in its half-year earnings made during FY2011-12 for the period ending December 31, while also showing a growth of 7% in revenue.

“PTCL’s profits and revenue growth during first half 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 six-months  financial results for the period ending December 31, 2011. “Through optimal use of resource, we want to achieve enhanced revenue, greater levels of customer satisfaction, as well as improve our shareholders’ value.”

According to the PTCL BoD announcement, PTCL’s group revenue stood at Rs.55 billion during the period under review, showing a growth of 6% over FY2010. Of this, PTCL’s net revenue was Rs.28.1 billion, showing a growth of 7% over the previous financial year.

Despite the economic challenges faced byPakistan, PTCL remained strong throughout 2011 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.

In 2011, PTCL also launchedPakistan’s first ever 3G enabled tablet with built-in EVO Wireless Broadband. Currently available in more than 100 cities ofPakistan, the “3G EVO Tab” is a 7-inch touch screen tablet powered by Google Android Froyo 2.2, which offers uninterrupted wireless broadband Internet connectivity on the go.

“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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