PTCL earns net profit of Rs 1.4b in 3Q

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KARACHI - 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, which showing a growth of 11.3pc in revenue.

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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 by Pakistan, PTCL has remained strong throughout 2011-2012 in emerging segments of Broadband in Wire-line as well as Wireless, and other corporate services.